TGI Fridays, an iconic American restaurant chain, filed for Chapter 11 bankruptcy, the company announced Saturday.
TGI Fridays, which boasts over 160 U.S. locations, pointed to the COVID-19 pandemic as the “primary driver of our financial challenges.” The statement continued, explaining the Chapter 11 filing will help the eatery “explore strategic alternatives in order to ensure the long-term viability of the brand.”
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