SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

American TGI Fridays Heads for Bankruptcy

» Updated: 20 October 2024, 16:26

» Published: 20 October 2024

American TGI Fridays Heads for Bankruptcy
Photo: Lisa Arfwidson/SVD/TT

The American restaurant chain TGI Fridays is heading for bankruptcy, writes Bloomberg.

According to sources within the company, they are now negotiating with lenders to apply for bankruptcy protection in the coming weeks, hoping to implement structural changes and save the restaurants from liquidation.

TGI Fridays is one of several American restaurant chains in the so-called "casual dining" segment that are struggling to survive. Even brands like Red Lobster and Hooters are on the brink of collapse, according to Bloomberg.

In the spring, the company that operates TGI Fridays in Sweden went bankrupt. This was after being forced to close its restaurants in Stockholm.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Court of Appeal Upholds Verdict: Northvolt Manager Acquitted
1 MIN READ

Court of Appeal Upholds Verdict: Northvolt Manager Acquitted

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
2 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Still sour on the Stockholm Stock Exchange
2 MIN READ

Still sour on the Stockholm Stock Exchange

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic

USA wants to force Google to sell Chrome
2 MIN READ

USA wants to force Google to sell Chrome

New method reveals pension fraud
3 MIN READ

New method reveals pension fraud

Most Minus Signs on Asian Stock Exchanges
1 MIN READ

Most Minus Signs on Asian Stock Exchanges

One of the world's richest bribed in the USA
2 MIN READ

One of the world's richest bribed in the USA

This is how Musk will save billions
2 MIN READ

This is how Musk will save billions

Yet Another Extremely Strong Report from Nvidia
2 MIN READ

Yet Another Extremely Strong Report from Nvidia

Better than expected for Nvidia
1 MIN READ

Better than expected for Nvidia