TGI Fridays Shutting Down Locations, Preparing for Bankruptcy

The rising cost to eat out at a restaurant is coming back to bite some establishments in the buttocks. One of those is TGI Fridays.

This week, the chain quietly closed six restaurants, and they are staying tight-lipped about it.

There have been more than a dozen Fridays closures this month alone, and six just this week. The only thing known about the most recent closures is that there was a note posted on the doors of all six establishments.

The most recent closures were in Leesburg, Va.; Allentown, Pa.; Middletown, Poughkeepsie, and Clifton Park, N.Y.; and Enfield, Ct.

Other closures over the past month included restaurants in Charlotte, N.C.; Charleston, S.C.; Grand Chute, Wisc.; Saginaw Township, Mich.; Schererville, Ind.; and two locations in Minn.: St. Louis Park and Edina.

Yahoo! Finance reports that TGI Fridays' sources tell them that the company is looking for a new buyer as they prepare for bankruptcy.

In January, Fridays closed more than 30 stores and caused quite a stir. They have been flying under the radar since, but seem to have gotten flagged as they continue to close stores and operate only 200 or so locations.

This time last year, the restaurant chain had over 270 locations, so clearly they're tightening the belt even more as they prepare to enter into Chapter 11 bankruptcy.

23 Country Stars With Their Own Bars + Restaurants

Of all of the side hustles country artists could partake in, opening a bar or restaurant is the most fitting — and very common. After all, many of these stars got their start on a barstool, tip jar nearby, playing their music for anyone who would listen.

These places feel like home for many of these singers. Over the years, several artists have gotten into the bar or restaurant game, and for a select few, brands have turned into franchises with several locations and/or concepts — we're looking at you, Jimmy Buffett!

Let's take a look at the country star food and entertainment venues that have opened over the years.

Gallery Credit: Jess

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Carrie Underwood has been, well, busy since winning Season 4 of American Idol in 2005. Since the confetti fell, the country singer has released nine albums and embarked on seven tours. She's also tried her hand at acting and launched a handful of businesses.

Over the years she's become one of the biggest success stories to come out of the show, winning countless awards and amassing a staggering net worth of over $100 million.

Keep scrolling to see 20 things Underwood has done since her time on the reality singing competition.

Jelly Roll: 25 Stunning Facts About the 'Save Me' Singer

Jelly Roll is country music's most fascinating character. His life has taken dozens of wild twists and turns, and he's been honest about all of it. Here are 25 facts about the "Save Me" singer and his family.

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Source: TGI Fridays Shutting Down Locations, Preparing for Bankruptcy

Categories: Taste of Country Nights, Country Music News