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TGI Fridays, a long-time staple in Florida’s dining scene, is facing a series of financial challenges that have left both loyal customers and industry insiders watching closely. From multiple store closures across the state to allegations of unpaid rent, the once-popular chain is now reportedly considering bankruptcy as it navigates uncertain waters.
A Wave of Store Closures Hits Florida
In January 2024, TGI Fridays announced that it would be shutting down a number of “underperforming” locations nationwide, including two Florida restaurants. The Ormond Beach and Royal Palm Beach locations were among the first to close their doors, signaling the beginning of a turbulent year for the brand in the Sunshine State.…