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Restaurant chain TGI Fridays files for bankruptcy protection (www.theguardian.com)

submitted 2 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

TGI Fridays filed for Chapter 11 bankruptcy. The once-popular sit-down restaurant has faced declining customer interest, reflecting a broader trend impacting casual dining. With just 163 U.S. locations—down from 269 last year—the chain has closed numerous outlets and seen U.S. sales drop to $728 million in 2023. While TGI Fridays operates only 39 U.S. locations directly, global franchised locations remain unaffected, with independent operators managing 461 restaurants across 41 countries under a separate franchising entity.

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[–] RonnyZittledong@lemmy.world 11 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

Very similar to Olive Garden. I remember going there maybe 5 years ago and thinking "this tastes like it came out of a microwave". I know a least 3 places locally that has great food with prices that are competitive with the absurd prices even fast food chains are charging. $15-$20 for a fast food order is not ok and you should not pay it. Go to a local mom and pop.

[–] numbermess@fedia.io 6 points 2 weeks ago

I worked at a Red Lobster in the early 2000s and my job was to portion out "vegetable medley" into plastic bags. These bags were kept in big trays in the refrigerator, and they would be pulled and thrown into the microwave for a minute or so. They'd dump the vegetables out of the bag and onto the plate and then just throw the bag on the floor. Cleaning up after a shift was like bulldozing filthy plastic bags.

Olive Garden is/was owned by the same group, so I'm sure it was spiritually similar there.

[–] Ioughttamow@fedia.io 3 points 2 weeks ago (1 children)

We went back to Olive Garden maybe 5 years ago? Thinking we know it’s bad, but it’s not that bad right? It had been a while since we last went. It didn’t taste like anything, no flavor at all

[–] Anticorp@lemmy.world 1 points 2 weeks ago

That's why they have big salt shakers and offer lots of black pepper.

[–] Anticorp@lemmy.world 1 points 2 weeks ago

$15-$20 for a fast food order is not ok and you should not pay it

I agree, but people are paying it, and by doing so they're saying it's okay.