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TGI Fridays listed assets and liabilities the range of $100 million to $500 million Co says it will maintain operations across 39 restaurants in US 56 franchisees in 41 countries are not part of Chapter 11 processTGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore.In a filing with the U.S.
Rohit Manocha, executive chairman of TGI Fridays, said: "The primary driver of our financial challenges resulted from COVID-19 and our capital structure."This restructuring will allow our go-forward restaurants to proceed with an optimized corporate infrastructure that enables them to reach their full potential.
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