TGI Friday’s Inc. is currently looking for potential buyers after filing for bankruptcy.
The company has faced significant challenges, including a decrease in revenue after losing control of assets tied to a $375 million bond sale in 2017.
During a bankruptcy hearing in Texas, the company's attorney mentioned that there has been interest from various parties in acquiring parts or all of TGI Friday’s business. However, the names of these interested buyers were not disclosed.
This situation highlights the ongoing financial difficulties faced by the restaurant chain.