Reported 24 days ago
TGI Fridays has filed for bankruptcy protection, citing COVID-19 and financial issues as key factors in its decline. Once a cultural staple with a peak of 601 locations, the restaurant chain has seen a significant decrease in its presence, now operating just 163 restaurants in the U.S., down from 269 last year. The shift in dining preferences and an increased reliance on delivery services have contributed to the challenges faced by sit-down restaurants like TGI Fridays.
Source: YAHOO