New York CNN —TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday.
The bankruptcy affects TGI Fridays’ parent company, which operates 39 restaurants, and not the franchisees that control the remaining locations.
TGI Fridays is privately owned by TriArtisan Capital Advisors, a private equity firm, so financial results aren’t released.
In September, TGI Fridays’ operations in the United Kingdom also ran into trouble.
TGI Fridays joins Red Lobster and Buca di Beppo chains, both of which filed for Chapter 11 bankruptcy protection in recent months.
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