TGI Fridays bankruptcy update: Will more restaurant locations close amid Chapter 11?
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Fridays is the latest restaurant chain to file for bankruptcy protection in a year where customers are eating out less and operating costs are on the rise.
American casual dining restaurant chain TGI Fridays has filed for Chapter 11 bankruptcy protection, citing financial difficulties from the COVID-19 pandemic as the main factor. It joins a long list of restaurant chains to file for bankruptcy this year, including Red Lobster, BurgerFi, Roti Mediterranean, Buca di Beppo, and others.