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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.
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 ...
The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020.
The American casual restaurant chain TGI Fridays filed for Chapter 11 bankruptcy protection on Saturday, citing a flawed capital structure and joining a host of its peers that have struggled this ...
The Mexican chain said this week that it plans to open some new restaurants next year. The locations would be the first since Chi-Chi’s filed for bankruptcy protection in 2003. Michael McDermott ...
It has recently been announced that the owner and operator of 39 domestic restaurants in the TGI Friday’s casual dining chain has filed for voluntary Chapter 11 bankruptcy to address the legacy ...
Seafood chain declared bankruptcy in May after struggling with ... Red Lobster plans to close nearly two dozen more restaurants in coming days as the bankrupt seafood chain prepares to be acquired ...
Seafood restaurant chain Red Lobster has filed for bankruptcy, but most of its restaurants will remain open during the court proceedings. The news, announced on May 19, comes after nearly 90 Red ...
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