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TGI Fridays, reportedly nearing bankruptcy, abruptly closes 50 locations
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TGI Fridays, reportedly nearing bankruptcy, abruptly closes 50 locations

(Gray News) – Dozens of TGI Fridays restaurants abruptly closed last week as the chain prepared to declare bankruptcy, according to multiple reports.

Chain restaurant finder As of Wednesday, 163 restaurants were open, compared to 213 last week; This means 50 restaurants are closed.

Accordingly CNNTGI Fridays had 270 locations in the U.S. at the beginning of the year. It previously closed 36 locations in January.

The list of affected locations has not been published.

Accordingly BloombergTGI Fridays is preparing to file for Chapter 11 bankruptcy. Other major restaurant chains, such as Red Lobster, also declared bankruptcy this year.