TGI Fridays Closes Near Oxford Valley Mall

LOWER BUCKS COUNTY, PA —TGI Fridays has permanently closed its eatery near the Oxford Valley Mall in Middletown Township as the restaurant chain continues to shrink locations.

The TGI Fridays location was removed from the company's website.

Several TGI Fridays have shuttered in the Philadelphia region recently, including three in New Jersey in recent days.

TGI Fridays has closed many of its locations since last year and is considering filing for bankruptcy, according to Bloomberg.

In January, TGI Fridays announced the closures of 36 "underperforming" restaurants.

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.