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.
Watch CBS News
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.
When officers arrived, they saw a gunman shooting at an individual on the ground. The suspect then fired at officers, hitting their squad car.
Jeremiyah Love tied the Notre Dame record with a 98-yard touchdown run, Riley Leonard added two more scores and the Fighting Irish shut down the highest-scoring team in the College Football Playoff, overwhelming Indiana 27-17 on Friday night.
In 2021, Gardiner blocked six constituents from his official Facebook page after they made critical comments about him. They sued the alderman, accusing him of violating their First Amendment rights.
Each year, City Council members work with school principals to find families who are having an especially tough time at the holidays to help them get Christmas gifts under the tree.
With the holidays fast approaching, many Lincoln Parkers want others to be aware and stay safe as they get ready to travel.
Because Martinez was fired without cause, his contract allows him to stay on the job for another six months, and receive 20 weeks of severance pay.
Martinez was at Luther Burbank Elementary, 2035 N. Mobile Ave., as the Special Olympics recognized the school for excellence in inclusive sports programming.
Henyard had named three people to serve as police chief, village administrator, and village attorney without approval from the village board.
Many, including alderpersons and the members of the incoming elected school board, are denouncing the planned agenda.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
The strike was deliberately authorized in the midst of the busy holiday delivery season nationwide for a reason—with the Teamsters Union pushing the company for a contract.
The oysters were sold as Fanny Bay, Buckley Bay, and Royal Miyagi.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Anyone who has an affected Connie's Pizza in the freezer should either throw it out or bring it back to the store for a refund.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
The Wisconsin Department of Health Services announced Wednesday that it had detected presumptive positive human case of H5N1 in Barron County.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
An even larger investment of $500 million is going toward 10 new outpatient facilities throughout the South Side that will add 85,000 health care appointments each year.
Scientists used the NanoGripper to grab particles from the SARS-CoV2 virus that causes COVID-19.
The strike was deliberately authorized in the midst of the busy holiday delivery season nationwide for a reason—with the Teamsters Union pushing the company for a contract.
Owner Eddie Lakin made the announcement Wednesday. He said the last day for the restaurant at 1571 Sherman Ave. would be this coming Saturday, Dec. 21.
This move was anticipated back in the summer, and comes months after the mortgage company Guaranteed Rate changed its name simply to Rate.
Both President Biden and President-elect Trump have vowed to block the $15 billion acquisition on national security grounds.
The bar has been in the ownership of the same family since 1989.
Taylor also played two nights at Ravinia this past June.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
The lawsuit alleges the unidentified girl was raped at a Video Music Awards afterparty in 2000.
Social media sleuths noticed that the house next door to the iconic "Home Alone" house in Winnetka is now up for sale.
Here are the top songs, artists, and albums streamed on Spotify in Chicago this year, according to communications agency Burson Global.
Highs will top out in the middle and upper 20s with a slight breeze, which will send wind chill values into the teens at times.
Chicago police said as officers arrived on scene, they saw the suspect shooting at an individual on the ground. Officers were then fired upon by the suspect, striking their squad car.
CBS News Chicago meteorologist David Yeomans has the latest forecast.
Ald. Jim Gardiner (45th) will pay $157,000 to settle a lawsuit filed by several of his constituents, after he blocked them from his official Facebook page.
A Chicago holiday tradition that began super small has grown and grown in the years since. Christmas in the Wards began in a single ward in the 1990s, and has since grown to 40 wards, making the holiday nicer for families across the city.
Because Martinez was fired without cause, his contract allows him to stay on the job for another six months.
Richard Allen was sentenced to 65 years for each death, totaling 130 years in prison in the murders of 14-year-old Liberty "Libby" German and 13-year-old Abigail "Abby" Williams.
When officers arrived, they saw a gunman shooting at an individual on the ground. The suspect then fired at officers, hitting their squad car.
With the holidays fast approaching, many Lincoln Parkers want others to be aware and stay safe as they get ready to travel.
Each year, City Council members work with school principals to find families who are having an especially tough time at the holidays to help them get Christmas gifts under the tree.
"San Antonio has really led the way in using aerial surveillance technology to prevent these activities," said Ald. Brian Hopkins (2nd), who chairs the City Council Public Safety Committee.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Now-retired Joliet police Sgt. Javier Esqueda was charged in connection with leaking squad car video of a man who died in Joliet police custody.
Jeremiyah Love tied the Notre Dame record with a 98-yard touchdown run, Riley Leonard added two more scores and the Fighting Irish shut down the highest-scoring team in the College Football Playoff, overwhelming Indiana 27-17 on Friday night.
Teuvo Teravainen had two assists as the 'Hawks closed out a perfect three-game homestand.
The teams will meet again in Chicago on Saturday night.
While Sosa did not specifically address allegations he used performance-enhancing drugs, he said he "left it all on the field" and "did whatever I could to recover from injuries."
Edwards shot 8 for 15, including 6 for 13 from beyond the arc for the Ramblers (9-1).
With the holidays fast approaching, many Lincoln Parkers want others to be aware and stay safe as they get ready to travel.
It happened around 4 a.m. at Eddie's Market in the 11000 block of South Halsted Street.
Richard Allen was sentenced to 65 years for each death, totaling 130 years in prison.
Sidi Mohamed Abdallahi, 22, had been facing hate crime and terrorism charges in an attack on a Jewish man in late October. He has since died by suicide in custody
Damonte McCorkle is charged with aggravated kidnapping, two counts of aggravated carjacking, and armed robbery.
