US restaurant chain TGI Fridays files for bankruptcy

Quick Summary:

Not included in the Chapter 11 process are 56 franchise TGI Fridays locations in the US and 40 other countries, which are independently owned.

TGI Fridays Inc, which filed for bankruptcy, owns and operates 39 restaurants in the US.

WASHINGTON - Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Nov 2 in the US state of Texas, a company statement said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Company’s Chairman Executive Pandemic Manocha Covid-19 Rohit Fridays Structure Restaurants Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 22:52:42 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23370668

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