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TGI Fridays

Financing

Why TGI Fridays filed for bankruptcy

 By Jonathan Maze on Nov. 06, 2024

A Deeper Dive: Senior Editor Joe Guszkowski joins the Restaurant Business podcast to discuss the Chapter 11 bankruptcy filing of the venerable casual-dining chain, and what it says about the industry.

Financing

How TGI Fridays' long party came to a close

 By Joe Guszkowski on Nov. 04, 2024

COVID-19 was the final straw for the bar and grill pioneer, which became at least the third casual-dining chain to file for bankruptcy this year. But its problems started well before the pandemic.

Financing

TGI Fridays files for Chapter 11 bankruptcy

By Joe Guszkowski on Nov. 02, 2024

The casual-dining chain blamed COVID-19 and its capital structure for its financial troubles. Its restaurants will continue operating as it works to restructure.

Financing

TGI Fridays fell behind on bills as troubles unfolded, data shows

By Joe Guszkowski on Oct. 28, 2024

The casual-dining chain’s payment activity has been volatile this year, Creditsafe found, setting the stage for a possible bankruptcy.

Financing

TGI Fridays closes 50 restaurants as bankruptcy looms

By Joe Guszkowski on Oct. 28, 2024

The struggling casual-dining chain has now closed about 100 locations this year amid a host of challenges.

Financing

TGI Fridays closes more U.S. restaurants as troubles continue

By Joe Guszkowski on Oct. 11, 2024

The casual-dining chain has shuttered at least a dozen locations over the past month after closing 36 earlier this year.

Financing

TGI Fridays' UK franchisee closes some restaurants, sells others

By Joe Guszkowski on Oct. 07, 2024

Thirty-six of the casual-dining chain’s 87 locations were shuttered and the rest were sold to a pair of private-equity firms through the U.K. equivalent of bankruptcy.

Financing

Problems worsen for TGI Fridays' U.K. operator

By Jonathan Maze on Sep. 19, 2024

Hostmore, whose plans to buy the brand fell through after TGI Fridays lost control of most of its assets, said it plans to seek the U.K. equivalent of bankruptcy.

Financing

Hostmore calls off its purchase of TGI Fridays

By Jonathan Maze on Sep. 09, 2024

The U.K.-based operator backed off after the casual-dining chain lost control of its assets. The news sent Hostmore's shares down 91%.

Financing

TGI Fridays' would-have-been buyer gets a harsh lesson

By Jonathan Maze on Sep. 09, 2024

The Bottom Line: Hostmore, the U.K. franchisee that has backed off its purchase of the casual-dining chain, cannot sell its restaurants for their debt. Welcome to the modern market for restaurant mergers and acquisitions.

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