#TSRBusiness: #TGIFridays is the latest restaurant chain to file for bankruptcy. According to apnews, the chain filed on Saturday as it seeks ways to “ensure the long-term viability.” ____________________________________ The company filed Chapter 11 in a Texas federal court, and Rohit Manocha, the executive chairman of TGI Fridays, issued a statement saying the “primary driver of our financial challenges resulted from COVID-19 and our capital structure.” ____________________________________ The company’s number of restaurants decreased from 269 to 163 within the U.S. In January, they closed 36 locations, and dozens were closed within the past week. (📸: gettyimages) ✍🏾: #TSRStaffJW