TGI Fridays files for bankruptcy as restaurant struggles continue
DALLAS, Texas: TGI Fridays has filed for Chapter 11 bankruptcy protection, seeking ways to stabilize its finances as the brand faces continued challenges in the sit-down dining industry.
The Dallas-based chain has shuttered numerous locations this year amid a wider shift in consumer dining preferences toward delivery and quick-service options.
Executive Chairman Rohit Manocha cited the impact of COVID-19