TGI Fridays files for bankruptcy, as sit-down chain restaurants face challenges
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
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TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Toys "R" Us opened a new standalone store in the Chicago suburb of Norridge, a surprising turnaround for the company that filed for bankruptcy in 2017.
The company, known for its plastic food storage containers, announced the filing in a statement. Chapter 11 bankruptcy allows companies to solve financial problems by restructuring. The company was founded in 1946.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Dolton, Illinois' acting police chief appeared before a federal judge and pleaded not guilty on Thursday to multiple charges of bankruptcy fraud and perjury, among others.
Federal prosecutors said Lacey lied about his income in bankruptcy statements in order to halt enforcement of a settlement order in a lawsuit filed against him.
The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
The bids come from Dutch Farms and the private equity firm Hoffman Family Companies, who said they will make a competitive offer.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Express will be closing stores soon in the Loop, Lincoln Park, Lincolnwood, and Merrillville, Indiana.
Dolton Village Manager Keith Freeman has been accused of falsifying his income in a bankruptcy filing, and faces up to five years in prison if convicted.
Oberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Robert Crimo Jr. reported debts of more than $1.6 million to at least 50 creditors, not including the mortgage on his home, for which his bank already has foreclosed.
Purdue Pharma has pleaded guilty twice to federal criminal charges relating to its marketing of oxycontin.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
We have introduced you to a number of Window Depot of Chicago customers who say they company took deposits for repair jobs – but never did the work. CBS 2's Charlie De Mar has the story of another customer, and what the company's former owner said in Bankruptcy Court.
Party City filed for bankruptcy protection Tuesday after years of losses and weak sales.
Less than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall's parent company has filed for bankruptcy.
Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
The U.S. Supreme Court is deciding whether drivers can get their cars back from the city auto pound after they file for bankruptcy.
More retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C. Penney also facing problems. Gap Inc. has warned it is running out of cash and is looking for an infusion.
Employees at the bankrupt Art Van furniture stores were slapped with termination papers amid the COVID-19 outbreak.
Will Riley led Illinois (3-1) with 18 points and nine rebounds while Kylan Boswell added 17 and Kasparas Jakucionis had 15.
The kindergartner, who has special needs, claims abuse by other students and staff at Robert Nathaniel Dett Elementary. His mother says she has been retaliated against for standing up for her child.
Zach Lavine scored 27 points to lead Chicago. Torrey Craig added 15, while Nikola Vucevic and Coby White had 14 each.
Morgan went 3-0 with a 1.93 ERA in 32 appearances last season for the AL Central champion Guardians.
Williams and the Bears offense will try to build off the positives in game one this past weekend with Thomas Brown calling plays.
The reopened Pilsen facility is one of three that Mayor Brandon Johnson promised would reopen by the end of the year.
Anthony Finch has filed suit against the village and Mayor Derrick Burgess for wrongful termination. Now, four trustees want to bring Finch back to the village—but this time working as an auditor.
Judicial regulators have filed a complaint against a former Wisconsin Supreme Court justice who spread election conspiracy theories and was hired by Republicans to lead an investigation into President-elect Donald Trump's loss in the 2020 election, accusing him of violating multiple rules of conduct.
"Some of the steps and measures that are being taken, these are some individuals that are having tantrums right now. It's time to grow up. The people of Chicago don't have time for that," Johnson said.
President-elect Donald Trump's six-year New York criminal odyssey might need to continue for at least another four, prosecutors said Tuesday.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
Robin McElroy said she loves everything about her Morgan Park home—except for the panic-inducing surprises she has been getting in the mail about her supposedly unpaid taxes.
Scammers often get financial information and personal details, or lure in veterans with videos that claim they can win lots of money,
It's the season of giving, but if you're not careful with finances, you could be getting a hefty bill at the end of the holiday season.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
An attorney representing a conservative prosecutor struggled Monday to convince Wisconsin's liberal-leaning Supreme Court to reactivate the state's 175-year-old abortion ban.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Three patients at the University of Chicago Medicine are in the trial for the treatment.
Owner Ricky Burns made a big dream come true in the tiny space on Western Avenue in West Ridge.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
The nonprofit Far South Community Development Corporation is working to create everlasting change—and has a vision specifically for the commercial corridor at 115th and Halsted streets.
Wonder Group, a New York-based food ordering company that touts "fast fine" dining, is set to be Grubhub's new owner.
Foxtrot will be pouring free drip coffee between 6 a.m. and 10 a.m. at the Fulton Market location to celebrate the reopening.
Speaking to American Theatre in 2018, Vire said he arrived in Chicago as a "lapsed actor," and fell into theatre criticism "through the back door."
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
The IBA also gave out the Silver Dome Awards at its luncheon Wednesday.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
Chief Meteorologist Albert Ramon has your 10 p.m. First Alert Weather forecast for Wednesday, Nov. 20, 2024.
Skin care experts say the products touted on TikTok can be abrasive.
The Chicago kindergartner, who has special needs, claims abuse by other students and staff at Robert Nathaniel Dett Elementary. As Suzanne Le Mignot reports, his mother says she has been retaliated against for standing up for her child.
No one was injured in the fire in the building on School Street in Roscoe Village.
Police say a mother and wife was stabbed to death by her husband in Portage Park this week, and the husband was also found dead soon afterward. As Darius Johnson reports, advocates say the case points to a flawed system when it comes to protecting domestic violence victims.
A strong burst of snow with heavy rates around 1 inch per hour is forecast beginning at 8 a.m.
Video from Citizen app showed flames engulfing the top floor of the four-story brick apartment building at 1925 W. School St.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
The kindergartner, who has special needs, claims abuse by other students and staff at Robert Nathaniel Dett Elementary. His mother says she has been retaliated against for standing up for her child.
Four people were taken to area hospitals in serious-to-critical condition, and one of those four was described as "very critical" by the Fire Department.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
The police department has spent $22.6 million in overtime this year for officers working special events — only about $2 million of which has been reimbursed to the city.
Indiana is ranked among the states with the weakest gun safety laws, in part because it does not have a law that requires safely storing firearms.
"How is this possible that so many things could have gone wrong and allowed for this to happen?" Candice Gatlin said.
Will Riley led Illinois (3-1) with 18 points and nine rebounds while Kylan Boswell added 17 and Kasparas Jakucionis had 15.
Zach Lavine scored 27 points to lead Chicago. Torrey Craig added 15, while Nikola Vucevic and Coby White had 14 each.
Morgan went 3-0 with a 1.93 ERA in 32 appearances last season for the AL Central champion Guardians.
Williams and the Bears offense will try to build off the positives in game one this past weekend with Thomas Brown calling plays.
Meyer had five rebounds for the Blue Demons (5-0). Troy D'Amico scored 14 points.
Alicia Robles said didn't initially feel the pain because she was still absorbing the situation—and then seconds later, her skin, she said, was on fire.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
Police said the drive-by shooting happened on the 2400 block of South Oakley Avenue around 10:45 a.m.
CTA officials received a disturbance call just before 9:40 a.m. on board a bus near the entrance to the Red Line station along the Dan Ryan Expressway.
Susan Smith, convicted of killing her two sons by rolling her car into a lake in 1994, broke down in tears while making her case to the parole board.
