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The casual dining destination filed for Chapter 11 bankruptcy protection over the weekend, calling the restructuring an opportunity for TGI Fridays' "go-forward restaurants to proceed with an ...
Chicken Soup for the Soul Entertainment, the entertainment company that operates Redbox, Crackle and other businesses, filed for Chapter 11 bankruptcy protection — after failing to pay employees ...
2. TGI Fridays. Another blow to America’s dining scene hit in November 2024, when TGI Friday's, a casual family hangout, filed for Chapter 11 bankruptcy. The chain blamed mounting debt and ...
The company filed for Chapter 11 bankruptcy on May 16, 2017, [258] and emerged from bankruptcy in September. [259] On May 2, 2024, rue21 collapsed back into bankruptcy, its second filing since 2017 and third overall, and announced that all 540 of its remaining stores would be shuttered within four to six weeks.
Why Fridays Is Filing for Chapter 11. TGI Fridays Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial ...
The closures were in Colorado, Kansas, Illinois, Tennessee, Florida, Michigan, and Minnesota. [8] [9] Later that month, Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy. PMCI closed 65 restaurants and laid off 2,500 workers. In the bankruptcy proceedings PMCI listed assets of $290 million and liabilities of $441 million.
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