TGI Fridays, widely considered the first singles bar in the U.S., filed for Chapter 11 bankruptcy in November, citing a problematic capital structure and fallout from the pandemic. The fast-casual restaurant chain has closed over 200 locations across the U.S. since 2019 and have even been kicked out of its headquarters in Dallas.
WSJ breaks down how the once happy hour hot spot lost its flair.
Chapters:
0:00 TGI Fridays filed for bankruptcy
0:35 The rise
2:01 Turning point
4:24 The downfall
5:33 What’s next for franchisees?
What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.
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