TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
- TGI Fridays filed for Chapter 11 bankruptcy protection, aiming to "ensure the long-term viability" of the brand after closing many branches this year.
- The company's sales in the U.S. Were $728 million in 2023, representing a 15% decrease from the previous year, according to Technomic.
- TGI Fridays now has 163 restaurants in the U.S., down from 269 last year, with recent closures including 36 in January and others in the past week.
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Total News Sources0
Leaning Left30Leaning Right21Center73Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 24%
C 59%
R 17%
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