Free Republic

Casual dining chain TGI Friday's has closed at least a dozen of its restaurants in the last few weeks.According to the company's website and other reports, the following locations are now listed as permanently closed:New YorkMiddletown, 23 Crystal Run CrossingPoughkeepsie, 2594 South Road (Route 9)Clifton Park, 1 Southside Drive ConnecticutEnfield, Freshwater-Stateline Plaza, 130 Elm StreetPennsylvaniaAllentown, 395 S Cedar Crest Blvd.VirginiaLeesburg, 235 Fort Evans Rd NECustomers at several of the locations were surprised by signs posted announcing the sudden closures.Founded in New York City, TGI Friday's has over 200 restaurants in the US.Earlier closures were mainly in the Midwest.

Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to a report by Bloomberg citing people familiar with the discussions, Red Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate burdensome leases and address other long-term contracts as well as rising labor costs. The outlet reported that the seafood restaurant chain is being advised by law firm King & Spalding on the subject, and that while discussions about restructuring are ongoing and that no final decisions have been made about a bankruptcy filing. By filing for Chapter 11 bankruptcy,...