TGI Fridays Files For Bankruptcy

Photo: Bruce Bennett / Getty Images News / Getty Images

Restaurant chain TGI Fridays has filed for Chapter 11 bankruptcy protection.

The company says it hopes to "ensure the long-term viability" of the chain after struggling to stay afloat since the COVID-19 pandemic.

TGI Fridays has closed more than 100 restaurants this year and currently operates 163 locations nationwide, down from more than 600 locations in 2008.

Source: CBS

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