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Market
Will TGI Fridays be acquired by another company by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases or news reports confirming acquisition
Story
Dallas-Based TGI Fridays Files for Chapter 11 Bankruptcy Amid Financial Struggles
Nov 2, 2024, 04:19 PM
TGI Fridays, the well-known American bar and grill restaurant chain, has filed for Chapter 11 bankruptcy protection. The Dallas-based company has been struggling with financial difficulties, exacerbated by the COVID-19 pandemic. The chain has shuttered almost 50 locations in various states as part of its efforts to manage its financial woes. The bankruptcy filing, made on Saturday, aims to ensure the long-term viability of the brand, which has been a popular destination for casual dining and happy hour gatherings. The move comes after the company faced persistently weak performance and financial turmoil.
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Successful reorganization • 25%
Liquidation of assets • 25%
Sale to another company • 25%
Continued operation under bankruptcy • 25%
Current CEO • 25%
New CEO from within the company • 25%
New CEO from outside the company • 25%
Interim CEO • 25%
Less than 20 • 25%
20 to 30 • 25%
31 to 40 • 25%
More than 40 • 25%
Cheesecake Factory • 25%
Red Robin • 25%
BJ's Restaurants • 25%
Other • 25%
Successful restructuring and exit from Chapter 11 • 25%
Partial restructuring with ongoing Chapter 11 proceedings • 25%
Sale of major assets or brands • 25%
Liquidation • 25%
