Restaurants & Bars
TGI Fridays In Cherry Hill Permanently Closes
Several locations around the country have abruptly closed as the restaurant chain continues to dwindle.
CHERRY HILL, NJ — TGI Fridays in Cherry Hill permanently closed Thursday as the restaurant chain continues to dwindle.
TGI Fridays has closed many of its locations since last year and is considering filing for bankruptcy, according to Bloomberg.
Several locations around the county, including Cherry Hill's, shuttered abruptly in recent days.
Find out what's happening in Cherry Hillfor free with the latest updates from Patch.
TGI Fridays removed the Cherry Hill location from its website. Patch called the restaurant and was told that it closed on Thursday.
It's unclear how many employees are impacted. The chain's corporate office did not respond to Patch's questions in time for immediate publication.
Find out what's happening in Cherry Hillfor free with the latest updates from Patch.
In January, TGI Fridays announced the closures of 36 "underperforming" restaurants. While specific locations weren't listed, several in New Jersey, including Marlton's, closed around that time.
South Jersey's only-remaining Fridays restaurants are in Turnersville and Burlington Township.
TGI Fridays is preparing to file for Chapter 11 bankruptcy in the near future, Bloomberg reported last week. The company blamed rising interest rates, heavy debt and increased competition, Bloomberg said.
The restaurant chain has not publicly revealed any bankruptcy plans as of Friday.
Cherry Hill's restaurant was located at 2125 Route 38, by the AMC movie theater.
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