TGI Fridays bankruptcy: Are more locations closing? Here’s what we know so far
TGI Fridays will live to see another day, at least while bankruptcy proceedings continue. The casual dining destination filed for Chapter 11 bankruptcy protection over the weekend, calling the restructuring an opportunity for TGI Fridays' "go-forward ...
TGI Fridays is worried it won’t have enough cash if customers redeem $50 million in outstanding gift cards that don’t expire
Franchisees are concerned the restaurant chain will be unable to reimburse them for cashed-in vouchers dating back as early as 2003.
TGI Fridays has $50 million in unused gift cards
Things aren’t exactly festive at TGI Fridays. That’s because the bar-and-grill chain is grappling with a major issue in its bankruptcy case: Unused gift cards.
TGI Fridays bankruptcy: Concerns about nearly $50 million in unused gift cards
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 ...
TGI Fridays $50 mln gift card stash causes franchisee heartburn
TGI Fridays franchisees are worried that they could be on the hook for $49.7 million in outstanding customer gift card obligations if the company's bankruptcy doesn't go smoothly, an attorney for franchisees said Monday.
The TGI Fridays bankruptcy was a long time coming
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.
TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
Restaurant chain TGI Fridays says it has filed for bankruptcy protection as it looks for ways to “ensure the long-term viability” of the casual dining brand
TGI Fridays bankruptcy update: Will more restaurant locations close amid Chapter 11?
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,
TGI Friday’s Franchises Fret a Run on $50 Million in Gift Cards
TGI Friday’s Inc.’s recent bankruptcy could bring in a wave of customers who haven’t been to one of its restaurants in years, but have kept a gift card tucked away in a junk drawer or an old birthday card.
KBRA Comments on TGI Fridays Chapter 11 Bankruptcy Filing
TGI Fridays Inc. (TGIF, or the Company), who was the manager of and operates company-owned restaurants for TGIF Funding LLC Series 2017-1, a whole business securitization (WBS), filed for bankruptcy protection on November 2,
TGI Friday’s is bankrupt
TGI Friday’s is the latest casual dining chain to go bankrupt. Terry Bradshaw's new career switch announced live on FOX amid ongoing criticism I’m 54 with a 35-year-old body. It all started because I gave up drinking When will we know who won the 2024 presidential election?
Nation's Restaurant News1d
A look at TGI Fridays’ recent turbulence leading up to bankruptcy
After TGI Fridays became the latest restaurant chain to seek Chapter 11 bankruptcy last weekend – contributing to this ...
Rappler1h
TGI Fridays US files for bankruptcy, PH franchise clarifies branch status
The Bistro Group president Jean Paul Manuud reassures Filipino customers that TGI Fridays Philippines is 'thriving' and ...
LA Times on MSN1d
TGI Fridays files for bankruptcy protection, becoming latest restaurant chain to falter
The American casual restaurant chain TGI Fridays filed for Chapter 11 bankruptcy protection on Saturday, citing a flawed ...
TGI Fridays operator files for bankruptcy amid financial woes
TGI Fridays listed assets and liabilities the range of $100 million to $500 million Co says it will maintain operations ...
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TGI Fridays PH Issues Statement Amid Bankruptcy News of Mother Company
This comes as TGI Fridays celebrates its 30th year in the Philippines in 2024.