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Restaurant chain TGI Fridays files for bankruptcy protection (www.theguardian.com)
submitted 5 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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Summary

TGI Fridays filed for Chapter 11 bankruptcy. The once-popular sit-down restaurant has faced declining customer interest, reflecting a broader trend impacting casual dining. With just 163 U.S. locations—down from 269 last year—the chain has closed numerous outlets and seen U.S. sales drop to $728 million in 2023. While TGI Fridays operates only 39 U.S. locations directly, global franchised locations remain unaffected, with independent operators managing 461 restaurants across 41 countries under a separate franchising entity.

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[-] magnetosphere@fedia.io 6 points 5 months ago

Chili’s has gone the same way. I don’t know why I expected anything different. I can be pretty naive at times.

I had the worst hamburger I’ve had in years. I remember wondering “how do you fuck up slapping ground beef on a grill? Oh… by nuking the burger and leaving out the ‘grill’ part.”

Needless to say, I’ll never go back, and be much more suspicious of chain restaurants in the future.

this post was submitted on 02 Nov 2024
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