The popular dining chain TGI Fridays has filed for Chapter 11 bankruptcy in Texas, US, according to a company statement released on Saturday, November 2. Known for its hamburgers, chicken wings, and signature cocktails, the bar and grill chain assured customers that its restaurants in the United States and abroad will remain open during the restructuring process. The company, which owns and operates 39 restaurants in the United States, stated that it will use the bankruptcy proceedings to explore strategic alternatives to ensure the long-term viability of the brand. Tupperware To File for Bankruptcy Amid Debts and Declining Demand, Seeks Court Protection Amid Breached Terms.

TGI Fridays Bankruptcy

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