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    • WFTV Channel 9 Orlando

    More TGI Fridays close abruptly as restaurant chain preps for Ch. 11 bankruptcy

    By Sarah Kinbar, WFTV Staff,

    4 days ago
    https://img.particlenews.com/image.php?url=3fuKdK_0wG109VK00

    Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

    TGI Fridays is preparing to file for Chapter 11 bankruptcy in the coming weeks after failing to secure financing to turn around its struggling business, Bloomberg reports .

    ▶ WATCH CHANNEL 9 EYEWITNESS NEWS

    The casual dining chain has been hit hard by changing consumer preferences and increased competition from fast-food and fast-casual restaurants.

    Read: Monday Night Football: Watch the Ravens take on the Bucs on Channel 9

    A rash of closings — and an ownership change for United Kingdom TGI Fridays restaurants — have brought the eatery’s financial distress into the news throughout 2024.

    Click here to read the full story on the Orlando Business Journal’s website.

    Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.


    Related Search

    Restaurant bankruptciesTgi Fridays closuresChapter 11 bankruptcyFast-Casual diningOrlando business journalChanging consumer preferences

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