The TGI Fridays Myrtle Beach and North Myrtle Beach chains have closed business along the Grand Strand.
The chain has operated in the area for more than 2 decades.
Struggling restaurant chain TGI Fridays is getting ready to declare bankruptcy, according to media reports.
TGI Fridays Myrtle Beach was a popular restaurant dining destination for tourists in the region for more than 20 years.
The news comes as the company closed dozens of restaurants in the past month.
TGI Fridays is reportedly in search of a loan to support its restaurant operations while it pursues Chapter 11 protection, according to reports from Bloomberg and Debtwire. These reports have been referenced by publications like Yahoo! Finance and Restaurant Business Magazine.
TGI Fridays is experiencing financial difficulties, leading to closures of its locations nationwide. According to a Bloomberg report dated October 19, 2024, the company is on the verge of bankruptcy. As part of these measures, TGI Fridays has recently shut down several establishments, including those in Colorado.