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TGI Fridays ops in India unlikely to be impacted by US bankruptcy proceedings
The New Indian Express
|November 04, 2024
EVEN as TGI Fridays Inc has filed for Chapter 11 bankruptcy in the US, its India operations may remain unaffected.
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The US-based company in a press statement has said that TGI Fridays has franchised the brand to 56 franchisees in 41 countries, and all these franchise locations, both domestic and international, are independently owned and therefore not included in TGI Fridays Inc's Chapter 11 process.
They are open and serving customers as usual, reiterated the company in a press statement.
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