TGI Fridays is worried it won’t have enough cash if customers redeem $50 million in outstanding gift cards that don’t expire

Quick Summary:

Franchisees are concerned the restaurant chain will be unable to reimburse them for cashed-in vouchers dating back as early as 2003.

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets: United States

Topics: Chapter 11 Chapter 11 bankruptcy Bankruptcy Food and drink Finance Gifts Chain Restaurants

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 18:39:21 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 21 words

Reading Time: 1 minutes read

Sentences: 29 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23436290

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 42 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #95

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