TGI Friday’s seeks buyer amid bankruptcy, revenue challenges
Tue, Nov 5, 2024 10:52 AM

TGI Friday’s seeks buyer amid bankruptcy, revenue challenges

A Flip by Shubhangi Gupta
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TGI Friday's is in talks with potential buyers after filing for bankruptcy, with multiple parties interested in acquiring its assets, and one bidder being considered as a "stalking horse" to set a minimum purchase price. The restaurant chain's financial struggles are partly due to losing control over assets backing $375 million in bonds.

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