Reports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
NEW YORK, NY - DECEMBER 01: A T.G.I. Friday's restaurant is seen on December 1, 2015 in New York City. A new sodium warning that includes the logo of a salt shaker printed in menus is the result of a city-wide law effecting restaurants with 15 or more locations and lets consumers know that an item has 2,300 milligrams of sodium or more in it. Restuarants must have the logo on their menu starting today.
TGI Fridays has been on a downward spiral since the company was removed as the manager of its whole business securitization last month by trustees,reported, causing the company to lose control of the majority of its assets. That decision was influenced by struggling sales, which has led to the closure of over 12 locations since September.
Unfortunately, it seems that the restructuring wasn't enough, as Bloomberg reported the company is now in talks with lenders to possibly file Chapter 11 bankruptcy to attempt to solve major issues and return as a functioning company.If TGI Fridays does decide to file for bankruptcy, it will be the third casual dining restaurant chain to do so in 2024, preceded by Red Lobster and Buca di Beppo.
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TGI Fridays could be approaching bankruptcy, according to reportsReports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
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TGI Fridays could be approaching bankruptcy, according to reportsReports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
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TGI Fridays could be approaching bankruptcy, according to reportsReports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
Read more »
TGI Fridays could be approaching bankruptcy, according to reportsReports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
Read more »
TGI Fridays could be approaching bankruptcy, according to reportsReports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
Read more »
TGI Fridays could be approaching bankruptcy, according to reportsReports have starting rolling in that the TGI Fridays restaurant chain could be rapidly approaching bankruptcy.
Read more »