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TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants Casual dining chain TGI Fridays has filed for bankruptcy several weeks after at least 12 of its restaurants suddenly closed. The company filed the Chapter 11 petition on Saturday, Nov. 2, in Texas, near its Dallas headquarters. Founded in New York City in 1965, TGI Fridays has 95 restaurants in the US, 39 of which the company owns and operates. The other 56 are independent franchises not involved in the bankruptcy petition. The company said that all those locations will remain open. According to the TGI Fridays website and other reports, the following locations are now listed as permanent…

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by Joe Lombardi
Business
Denny's To Close 150 Restaurants Denny's To Close 150 Restaurants
Denny's To Close 150 Restaurants Restaurant chain Denny's plans to shut down as many as 150 of its locations. The company said half of the underperforming outlets will close by the end of the calendar year and the others will go out of business in 2025. Specific restaurants slated for closure have not yet been announced. In announcing the move, Denny's said customers have been ordering from restaurants less often. In addition to the closures, Denny’s will trim the number of items on its menu from 97 to 46 and no longer require outlets to be open 24/7, according to a CNN report. Founded in 1954 in California as Dann…

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by Joe Lombardi