TGI Friday's is seeking new financing in preparation for potential bankruptcy, according to a Bloomberg report. The casual dining chain has been struggling with declining sales and increased competition in the industry. Despite efforts to revamp its menu and marketing strategy, TGI Friday's appears to be exploring its options.

Source: https://www.bloomberg.com/news/articles/2024-10-19/tgi-friday-s-seeks-new-financing-in-preparation-for-bankruptcy