TGI Fridays Sells Bankrupt Restaurants -- Market Talk

Dow Jones

2025/02/04

0840 ET - TGI Fridays has sold more of the 39 company restaurants it declared bankruptcy on last year. The casual-dining chain sold 16 locations to franchisee Yadav Enterprises for $3 million in debt, along with curing costs, according to a court filing. Sugarloaf Hospitality, a current franchisee who is also managing the chain's hundreds of franchised locations, picked up three others. (heather.haddon@wsj.com; @heatherhaddon)

(END) Dow Jones Newswires

February 04, 2025 08:40 ET (13:40 GMT)

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The casual-dining chain sold 16 locations to franchisee Yadav Enterprises for $3 million in debt, along with curing costs, according to a court filing. Sugarloaf Hospitality, a current franchisee who is also managing the chain's hundreds of franchised locations, picked up three others. (heather.haddon@wsj.com; @heatherhaddon) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2025 08:40 ET (13:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z4B17.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508518944","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508518944","pubTimestamp":1738676400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0840 ET - TGI Fridays has sold more of the 39 company restaurants it declared bankruptcy on last year. The casual-dining chain sold 16 locations to franchisee Yadav Enterprises for $3 million in debt, along with curing costs, according to a court filing. Sugarloaf Hospitality, a current franchisee who is also managing the chain's hundreds of franchised locations, picked up three others. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","TGI":"Triumph Group Inc","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4187":"航天航空与国防","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H"},"translate_title":"TGI Fridays出售破产餐厅——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGI":1},"content_text":"0840 ET - TGI Fridays has sold more of the 39 company restaurants it declared bankruptcy on last year. The casual-dining chain sold 16 locations to franchisee Yadav Enterprises for $3 million in debt, along with curing costs, according to a court filing. Sugarloaf Hospitality, a current franchisee who is also managing the chain's hundreds of franchised locations, picked up three others. (heather.haddon@wsj.com; @heatherhaddon) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 04, 2025 08:40 ET (13:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}