Food Republic on MSN10d
It's Official: This Restaurant Chain Is BankruptThe restaurant industry has seen a rough stretch of years, and the hits keep coming. One of the bigger names in the food ...
In a statement, the company’s executive chairman Rohit Manocha, said the COVID-19 pandemic and the company’s capital ...
TGI Fridays plans to keep a number of restaurants open as bankruptcy proceedings, announced Saturday, move forward.
Southern Living on MSN5d
Another Beloved Restaurant Chain Has Filed For BankruptcyAnother iconic restaurant chain is in financial trouble. TGI Fridays just announced that they have filed for Chapter 11 ...
Executive Chairman Rohit Manocha said in a statement that the "primary driver of our financial challenges resulted from COVID ...
TGI Fridays has filed for Chapter 11 bankruptcy protection, seeking ways to stabilize its finances as the brand faces ...
In the filing, the company listed both assets and liabilities as between $100 million and $500 million.
The filing encompasses 39 U.S. TGI Fridays locations owned by TGI Fridays Inc. "The primary driver of our financial challenges resulted from COVID-19 and our capital structure," said Rohit ...
According to Manocha, the chain's "financial challenges" were the result of the COVID-19 pandemic and their capital structure. Thirty-nine company-owned TGI Fridays locations, included in the ...
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