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TGI Fridays is latest chain with Minnesota ties to fail as casual sit-down restaurants languish
(www.startribune.com)
this post was submitted on 02 Jan 2025
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Minneapolis - St. Paul Metro
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TGIF’s quality, the only thing they had going on for them, took a nosedive in the last decade or so. This was meant to happen, it actually lasted longer than what I expected.
Outback Steakhouse is the next one on my list to fill for bankruptcy.
Looks like a decade on the dot. Whatever loopholes these equity firms are using to strip these businesses of all value and saddle them with debt, while not being responsible for said debt needs to be closed. They'll sell out your entire town to make a buck and not give a damn what it does to you.