TGI Fridays files for bankruptcy in the US to 'ensure long-term viability'

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TGI Fridays files for bankruptcy in the US to 'ensure long-term viability'

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As sit-down restaurants continue to struggle after the pandemic, yet another popular chain has rolled out 'disaster protocol' amid reports of mounting debts. After years of consistent decline, popular restaurant chain TGI Fridays has filed for bankruptcy protection, claiming it is looking for ways to 'ensure the long-term viability' after closing many of its branches this year. The Dallas-based company filed for Chapter 11 bankruptcy protection in a Texas federal court on Saturday.
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