This post was originally published on this site
TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection. TGI Fridays filed for bankruptcy as it was grappling with prolonged financial issues and a collapsed deal with UK-based Hostmore. Casual restaurant chain TGI Friday’s Inc. has been having financial issues and has been struggling to turn around business. TGI Fridays is pressured by increasingly cost conscious consumers who’ve either become more selective when dining out or prefer competitors that provide faster food.
<img aria-describedby="caption-attachment-36369" class="wp-image-36369 size-full" src="https://www.thehrdigest.com/wp-content/uploads/2024/11/TGI-Fridays-Navigates-Chapter-11-Bankruptcy-What-It-Means-for-Brands-Future.jpg" alt="TGI Fridays Navigates Chapter 11 Bankruptcy What It Means for Brand's Future" width="1000"