Chick-fil-A

As Red Lobster and TGI Fridays Close, Fast-Food Chains and Other Businesses Move Into Prime Real Estate

With Red Lobster and TGI Fridays shuttering locations across the U.S., new businesses are seizing the opportunity to take over these prime properties. In Woodbridge, Virginia, a former TGI Fridays will soon house a LongHorn Steakhouse, while a closed Red Lobster in Naples, Florida, is set to become a Chick-fil-A. In Watertown, New York, a…

TGI Fridays

TGI Fridays Files for Bankruptcy Amid Financial Struggles Post-Pandemic

The iconic American dining chain TGI Fridays has filed for Chapter 11 bankruptcy protection, citing lasting impacts from the Covid-19 pandemic as a significant factor in its financial troubles. The move aims to stabilize the business and explore future options to preserve the brand, which has been a staple in casual dining since its inception…