TGI Fridays has filed for Chapter 11 bankruptcy to restructure amid ongoing industry challenges.

TGI Fridays has filed for Chapter 11 bankruptcy protection, reflecting ongoing challenges faced by sit-down restaurants. The chain's financial struggles highlight broader issues in the dining industry, as many establishments grapple with changing consumer preferences and economic pressures. The move aims to restructure its operations and stabilize the business for potential recovery.

November 02, 2024
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