Thailand, Myanmar and Laos have officially launched a joint plan of action on tackling transboundary haze in strengthening cooperation to reduce regional air pollution.
WASHINGTON: Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Saturday in the US state of Texas, a company statement said.
The bar and grill chain – known for serving up hamburgers, chicken wings and signature cocktails – said its dozens of restaurants in the United States and abroad would remain open to customers while the company uses the restructuring process to"explore strategic alternatives in order to ensure the long-term viability of the brand.
"The next steps announced today are difficult but necessary actions to protect the best interests of our stakeholders, including our domestic and international franchisees and our valued team members around the world," executive chairman Rohit Manocha said in the statement on Saturday. Manocha said the Covid-19 pandemic and the company's capital structure were the primary reasons for its financial issues.
"This restructuring will allow our go-forward restaurants to proceed with an optimized corporate infrastructure that enables them to reach their full potential," he said. – AFPSpain mounts biggest peacetime disaster recovery operation as death toll reaches 211
Bankruptcy Chapter 11 United States Bar And Grill
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