Dallas-based company seeks to ‘ensure long-term viability’ of dining brand after closing several branches this year

Summary

TGI Fridays filed for Chapter 11 bankruptcy. The once-popular sit-down restaurant has faced declining customer interest, reflecting a broader trend impacting casual dining. With just 163 U.S. locations—down from 269 last year—the chain has closed numerous outlets and seen U.S. sales drop to $728 million in 2023. While TGI Fridays operates only 39 U.S. locations directly, global franchised locations remain unaffected, with independent operators managing 461 restaurants across 41 countries under a separate franchising entity.

  • Ioughttamow@fedia.io
    3·
    15 days ago

    We went back to Olive Garden maybe 5 years ago? Thinking we know it’s bad, but it’s not that bad right? It had been a while since we last went. It didn’t taste like anything, no flavor at all