I was surprised because normally you read an article like this and like ten paragraphs down there's the inevitable reveal that the company was bought by a private equity firm sometime in the last decade. But there's no such paragraph here.
No, I had to go to Wikipedia to find that paragraph.
No, I had to go to Wikipedia to find that paragraph.
Reposted from
CNN
Casual dining chain TGI Fridays has filed for Chapter 11 bankruptcy protection
Comments
https://www.timeout.com/uk/news/tgi-fridays-potential-collapse-explained-full-list-of-uk-restaurants-at-risk-of-closure-091024#google_vignette
And then DO IT AGAIN
From department stores to airlines to restaurants, once private equity firms come sniffing around, it’s over, it’s just a matter of when they kill their host like the parasites they are.
But, the evidence is that US journalists suck at doing journalism.
Honestly I mourn Bennigans way more. Death by Chocolate was my jam.
https://www.pehub.com/sentinel-triartisan-putting-25-pct-equity-into-890-mln-buy-of-tgi-fridays/
> On May 20, 2014, TGI Fridays was resold to Sentinel Capital Partners and TriArtisan Capital Partners.[22] In October 2019, TriArtisan bought out Sentinel's remaining stake.
https://www.gofundme.com/f/4qzqg-help-a-family-from-gaza
Like what happened to newspapers.
Just once I'd like to see a bk judge toss that and clawback the money.
https://edition.cnn.com/2024/11/02/food/tgi-fridays-bankruptcy/index.html
I remember the Howe Avenue location in Sacramento was a casualty of a previous bankruptcy--i thought they had been closed entirely
The four certainties, I believe they're called.
*say the line, bart*
"...I couldn't and my parents footed the entire bill"
zoomers aren't killing casual dining (and myriad other verticals,) VC is.
Have to say TGI was a joke of a business even before PE moved in. Them and the hard rock place.
4th paragraph from the bottom.
I think I missed that part of your post
Yeah, cnn has been excluding pertinent info in their reporting
I noticed it in its most egregious manifestation in their coverage of the genocide in Gaza over this past year
But yeah there’s been a overall rightward shift in their reporting/framing