TGI Fridays announces 50 additional restaurant closures as bankruptcy talks continue

masslive.com

TGI Fridays has added 50 more restaurant closures to its earlier announcement of 36, bringing the total to 86 locations shutting down. The chain's store count dropped from 213 to 163 in just one week. The closures affect various states, including California, Ohio, New York, New Jersey, Florida, and Missouri. In Massachusetts, six locations remain open, down from several planned closures. The company is reportedly working with lenders amid Chapter 11 bankruptcy discussions. TGI Fridays stated the closures are part of a strategy to improve operations and focus on better-performing locations.


With a significance score of 3.8, this news ranks in the top 4.8% of today's 24824 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


TGI Fridays announces 50 additional restaurant closures as bankruptcy talks continue | News Minimalist