TGI Friday’s operator files for bankruptcy amid financial woes
TGI Fridays, a popular American casual dining chain, has filed for Chapter 11 bankruptcy protection due to financial challenges exacerbated by the COVID-19 pandemic and a failed deal with UK-based Hostmore. The company, privately owned by TriArtisan Capital Advisors, operates 39 domestic restaurants and is committed to maintaining operations. The restructuring aims to optimize corporate…