TGI Fridays Closes 49 More Locations as Bankruptcy Filing Looms

The casual dining chain has shuttered nearly 100 restaurants this year amid financial struggles and changing consumer habits.

TGI Fridays has reduced its U.S. presence to 164 locations, down from 270 at the start of the year.
The latest closures affected restaurants in states including California, New York, New Jersey, Florida, Ohio, and Missouri.
Local reports indicate complete exits from cities like Columbus, Ohio, and Buffalo, New York.
The chain is reportedly preparing to file for Chapter 11 bankruptcy protection, possibly seeking a buyer and restructuring its debt.
TGI Fridays is among several restaurant chains facing financial difficulties this year, following Red Lobster and Buca di Beppo.