TGI Fridays Inc., the company that owns 39 of the restaurant chain's locations across the U.S., filed for Chapter 11 bankruptcy protection on Saturday. Concerns about $49.7 million in outstanding gift cards were raised by more than 60 TGI Fridays ...

Fridays is the latest restaurant chain to file for bankruptcy protection in a year where customers are eating out less and operating costs are on the rise. American casual dining restaurant chain TGI Fridays has filed for Chapter 11 bankruptcy protection,

Bankruptcies in the restaurant industry are rarely shocking these days, but the recent Chapter 11 filing by TGI Fridays serves as a stark reminder of how quickly fortunes can shift in the dining world.