{"id":121445,"date":"2024-11-03T03:46:56","date_gmt":"2024-11-02T20:46:56","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=121445"},"modified":"2024-11-03T03:46:56","modified_gmt":"2024-11-02T20:46:56","slug":"tgi-fridays-files-for-bankruptcy-npr","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=121445","title":{"rendered":"TGI Fridays files for bankruptcy : NPR"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"storytext\">\n<div id=\"resg-s1-31855\" class=\"bucketwrap image large\">\n<div class=\"imagewrap has-source-dimensions\" data-crop-type=\"\" style=\"&#10;        --source-width: 3500;&#10;        --source-height: 2335;&#10;    \">\n        <picture><source srcset=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/3500x2335+0+0\/resize\/1100\/quality\/85\/format\/webp\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F7d%2F7a%2F54f9e2df412380174448a7f7e77c%2Fgettyimages-1208147172.jpg\" class=\"img\" type=\"image\/webp\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/3500x2335+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F7d%2F7a%2F54f9e2df412380174448a7f7e77c%2Fgettyimages-1208147172.jpg\" data-format=\"webp\"\/><source srcset=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/3500x2335+0+0\/resize\/1100\/quality\/85\/format\/jpeg\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F7d%2F7a%2F54f9e2df412380174448a7f7e77c%2Fgettyimages-1208147172.jpg\" class=\"img\" type=\"image\/jpeg\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/3500x2335+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F7d%2F7a%2F54f9e2df412380174448a7f7e77c%2Fgettyimages-1208147172.jpg\" data-format=\"jpeg\"\/><img decoding=\"async\" src=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/3500x2335+0+0\/resize\/1100\/quality\/85\/format\/jpeg\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F7d%2F7a%2F54f9e2df412380174448a7f7e77c%2Fgettyimages-1208147172.jpg\" class=\"img\" alt=\"A TGI Fridays is pictured in 2020 in Queens, in New York City, when the streets were empty due to the coronavirus.\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/3500x2335+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F7d%2F7a%2F54f9e2df412380174448a7f7e77c%2Fgettyimages-1208147172.jpg\" data-format=\"jpeg\"\/>\n        <\/picture>\n<\/div>\n<div class=\"credit-caption\">\n<div class=\"caption-wrap\">\n<div class=\"caption\" aria-label=\"Image caption\">\n<p>\n                A TGI Fridays is pictured in 2020 in Queens in New York City, when the streets were empty due to the coronavirus.<br \/>\n                <b class=\"credit\" aria-label=\"Image credit\"><\/p>\n<p>                    Eduardo Munoz Alvarez\/Getty Images<\/p>\n<p>                <\/b><br \/>\n                <b class=\"hide-caption\"><b>hide caption<\/b><\/b>\n            <\/p>\n<\/p><\/div>\n<p>            <b class=\"toggle-caption\"><b>toggle caption<\/b><\/b>\n    <\/div>\n<p>    <span class=\"credit\" aria-label=\"Image credit\"><\/p>\n<p>        Eduardo Munoz Alvarez\/Getty Images<\/p>\n<p>    <\/span>\n<\/div>\n<\/p><\/div>\n<p>The parent company of TGI Fridays, the casual dining chain, has filed for bankruptcy, the company said, as it explores a long-term survival plan for the troubled business.<br \/>\u00a0<br \/>The company said the COVID-19 pandemic was the \u201cprimary driver of our financial challenges\u201d and that the Chapter 11 bankruptcy process will allow it to \u201cexplore strategic alternatives.\u201d<\/p>\n<div id=\"resnx-s1-5176541-100\" class=\"bucketwrap internallink insettwocolumn inset2col \">\n<div class=\"bucket img\">\n                  <a class=\"imagewrap\" id=\"featuredStackSquareImage1221401948\" href=\"https:\/\/www.npr.org\/2023\/12\/28\/1221401948\/bankruptcies-corporate-rise-inflation-2023-interest-rates\" data-metrics-ga4=\"{&quot;category&quot;:&quot;recirculation&quot;,&quot;action&quot;:&quot;story_recirculation_click&quot;,&quot;clickType&quot;:&quot;inset box&quot;,&quot;clickUrl&quot;:&quot;https:\\\/\\\/www.npr.org\\\/2023\\\/12\\\/28\\\/1221401948\\\/bankruptcies-corporate-rise-inflation-2023-interest-rates&quot;}\"><picture><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"webp\" class=\"img lazyOnLoad\" type=\"image\/webp\"\/><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2023\/12\/22\/bankruptcy-art_sq-dfa6467131f305626650e587bb7c8675adebb665.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" alt=\"Why corporate bankruptcies were up in 2023 despite the improving economy\" loading=\"lazy\"\/><\/picture><\/a>         <\/p>\n<p><!-- END CLASS=\"BUCKETBLOCK\" -->\n      <\/div>\n<p><!-- END CLASS=\"BUCKET IMG\" -->\n   <\/div>\n<p><!-- END ID=\"RESNX-S1-5176541-100\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p>\u201cThe next steps announced today are difficult but necessary actions to protect the best interests of our stakeholders, including our domestic and international franchisees and our valued team members around the world,\u201d Rohit Manocha, the executive chairman of TGI Fridays Inc., said <a href=\"https:\/\/tgifridays.com\/wp-content\/uploads\/2024\/11\/TGI-Fridays-Inc-Files-Voluntary-Chapter-11-Petitions-.pdf\">in a statement<\/a> on Saturday.<\/p>\n<p>The pandemic forced in-person dining establishments to close or pivot their business models, and many struggled to recover. Meanwhile, fresher, faster and cheaper options, like Shake Shack, came for casual dining chains\u2019 lunch.<\/p>\n<aside id=\"ad-backstage-wrap\" class=\"ad-wrap backstage\" aria-label=\"advertisement\">\n<\/aside>\n<p>TGI Fridays joins several big-name chains in filing for bankruptcy this year, including <a href=\"https:\/\/www.npr.org\/2024\/05\/20\/1252426585\/red-lobster-bankruptcy\">Red Lobster<\/a>, <a href=\"https:\/\/www.npr.org\/2024\/09\/10\/nx-s1-5107351\/big-lots-bankruptcy\">Big Lots<\/a>, <a href=\"https:\/\/www.npr.org\/2024\/09\/18\/nx-s1-5115873\/tupperware-bankruptcy\">Tupperware<\/a>, <a href=\"https:\/\/www.npr.org\/2024\/04\/22\/1246373948\/express-mall-store-files-bankruptcy\">Express<\/a> and <a href=\"https:\/\/www.npr.org\/2024\/03\/18\/1239161958\/joann-bankruptcy-crafts-fabrics\">Joann<\/a>.<\/p>\n<div id=\"resnx-s1-5176541-101\" class=\"bucketwrap internallink insettwocolumn inset2col \">\n<div class=\"bucket img\">\n                  <a class=\"imagewrap\" id=\"featuredStackSquareImage1252426585\" href=\"https:\/\/www.npr.org\/2024\/05\/20\/1252426585\/red-lobster-bankruptcy\" data-metrics-ga4=\"{&quot;category&quot;:&quot;recirculation&quot;,&quot;action&quot;:&quot;story_recirculation_click&quot;,&quot;clickType&quot;:&quot;inset box&quot;,&quot;clickUrl&quot;:&quot;https:\\\/\\\/www.npr.org\\\/2024\\\/05\\\/20\\\/1252426585\\\/red-lobster-bankruptcy&quot;}\"><picture><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"webp\" class=\"img lazyOnLoad\" type=\"image\/webp\"\/><source srcset=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s=100&amp;c=15&amp;f=jpeg\" data-original=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s=100&amp;c=100&amp;f=jpeg\" data-template=\"https:\/\/media.npr.org\/assets\/img\/2024\/05\/20\/img_4912_sq-397dc21479f2eb2085b688edde844ed728217722.jpg?s={width}&amp;c={quality}&amp;f={format}\" data-format=\"jpeg\" class=\"img lazyOnLoad\" alt=\"Red Lobster files for bankruptcy after missteps including all-you-can-eat shrimp\" loading=\"lazy\"\/><\/picture><\/a>         <\/p>\n<p><!-- END CLASS=\"BUCKETBLOCK\" -->\n      <\/div>\n<p><!-- END CLASS=\"BUCKET IMG\" -->\n   <\/div>\n<p><!-- END ID=\"RESNX-S1-5176541-101\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p>There are 163 TGI Fridays in the U.S., down from 237 restaurants in January, after the chain <a href=\"https:\/\/www.npr.org\/2024\/01\/05\/1223033235\/tgi-fridays-closings\">announced the closure of 36 locations<\/a> that month. Since then, the company has quietly shut down dozens more.<\/p>\n<p>The bankruptcy affects TGI Fridays\u2019 parent company, which operates 39 restaurants, and not its other locations which are run by franchisees. The company has secured financing to keep all of its locations open and running as usual during the bankruptcy process.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.npr.org\/2024\/11\/02\/nx-s1-5176541\/tgi-fridays-bankruptcy-chapter-11\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A TGI Fridays is pictured in 2020 in Queens in New York City, when the streets were empty due to the coronavirus. Eduardo Munoz Alvarez\/Getty Images hide caption toggle caption &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=121445\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-121445","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121445"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121445\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}