TGI Fridays Files for Chapter 11 Bankruptcy - Eater Dallas

"TGI Fridays filed for Chapter 11 bankruptcy protection. The move follows the closure of around 50 locations nationwide the previous week and more than 80 closures in total for 2024. The company expects to use the time and legal protections made available through the Chapter 11 restructuring process to allow the company to explore strategic alternatives in order to ensure the long-term viability of the brand. TGI Fridays operates a mix of franchised and company-owned restaurants across 41 countries, but the franchised locations and intellectual property are not affected by the filing." - Courtney E. Smith