Wisconsin
TGI Friday’s chain files for bankruptcy; La Crosse location closed in 2019
Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its branches this year.
Friday’s had a location across from the Valley View Mall in Onalaska for several years. That restaurant closed five years ago. The building has been vacant since then.
The Dallas-based company’s Chapter 11 filing in a Texas federal court accelerates a gradual decline for an iconic chain that was once near the center of American pop culture but has seen its customer base dwindle as tastes changed.
Sit-down chain restaurants more broadly have faced challenges in recent years as diners choose to get food delivered or visit upscale fast-food chains like Chipotle and Shake Shack.