​Restaurant Bankruptcies Piling Up, TGI Fridays May Be Next – Tyler Durden

Restaurant Bankruptcies Piling Up, TGI Fridays May Be Next Restaurant bankruptcy filings have been ticking higher this year as budget-conscious consumers cut back on eating out, and many eateries struggle with high debt loads in a toxic environment of high interest rates. TGI Fridays is the latest casual dining chain preparing a bankruptcy filing. People knowledgeable of TGI Friday’s bankruptcy plans told Bloomberg that the US casual dining restaurant chain, with 600 locations in 55 countries, including 233 in the US, will file for bankruptcy protection in the coming weeks.  TGI Fridays executives have been in multiple discussions with lenders searching for…  — Continue at ZeroHedge News : Read More