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Here are the 10 notable restaurant chains that filed for bankruptcy protection in 2024: Roti Mediterranean fast-casual chain Roti filed for Chapter 11 bankruptcy protection on Aug. 23.
Chain Apocalypse. This year was a bloodbath for retail and dining businesses. In the first nine months of 2024, business bankruptcy filings skyrocketed 33.5%, jumping from 17,051 to 22,762.
In mid-June 2024, seafood restaurant chain Red Lobster filed for Chapter 11 bankruptcy in Florida. In a statement released at the time the company said it intended to use the proceedings to "drive ...
Why Fridays Is Filing for Chapter 11. TGI Fridays Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial ...
Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its ...
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
Best known for its tempting menu of Fribble milkshakes and kid-friendly sundaes, Friendly's filed for bankruptcy in November 2020, its second filing in a decade. The chain of family restaurants ...
The seafood restaurant chain, which began in Florida in 1968 and was popular for its endless shrimp promotions and cheddar bay biscuits, was considering filing bankruptcy to restructure their debt ...