TGI Friday's Faces Challenges in Pursuit of a Buyer Amid Bond Sale Hurdles
7 months ago
In a significant development for the casual dining sector, TGI Friday's has begun its search for a potential buyer, attempting to pivot its business strategy to adapt to the fluctuating restaurant landscape. However, this quest for a new owner is being complicated by ongoing challenges associated with a recent bond sale that has drawn the attention of financial analysts and industry insiders alike.
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Franchisees of TGI Fridays Face Uncertainty Over $50 Million Gift Card Rush
7 months ago
In an unsettling turn of events for TGI Fridays' franchise owners, the popular restaurant chain is grappling with a potential crisis surrounding its substantial gift card liability. A staggering $50 million worth of gift cards is reportedly at risk, leading franchisees to voice their concerns and seek clarity from the corporate office.
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