TGI Fridays Files For Bankruptcy Amid High Inflationary Difficulties

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. The Dallas-based company filed for Chapter 11 bankruptcy protection in a Texas federal court over the weekend. Many restaurants have filed for bankruptcy and are closing down shops due to the difficulty operating in a high inflation economy.