TGI Fridays Shutters 36 Locations Amid Bankruptcy Shakeup
Jan 16, 2025 · Courtesy of TGI Fridays. As of early January 2025, TGI Fridays is closing 36 restaurants and selling nine to Blanchette for an undisclosed sum. "As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays," shared Weldon Spangler, CEO of TGI ...
TGI Fridays Closes Dozens of Restaurants: See the List
Jan 4, 2024 · TGI Fridays abruptly closed 36 “underperforming” locations across the country, located in "select markets across the U.S." See the list of restaurant closures.
TGI Fridays to keep 39 restaurants open after bankruptcy filing
Nov 5, 2024 · TGI Fridays plans to keep a number of restaurants open as bankruptcy proceedings, announced Saturday, move forward.
The Epic Mess at TGI Fridays - MSN
A Texas bankruptcy court will now decide aspects of TGI Friday’s fate, including Blanchette’s plans to buy up some TGI Fridays restaurants through an auction among bidders slated for this...
Whatever Happened To TGI Fridays? - Yahoo Finance
6 days ago · The bar inside a TGI Fridays with a red neon sign, servers making drinks, and red bar stools - Saknarong Butsabong/Shutterstock TGI Fridays has seen better days. The chain closed more than 80 U.S ...
TGI Fridays files for bankruptcy | CNN Business
In January 2024, TGI Fridays abruptly shut down dozens of locations around the United States and has quietly kept closing restaurants. Last week, it shuttered 50 locations bringing its count...
TGI Fridays bankruptcy: Concerns about $50M in unused gift cards
Nov 5, 2024 · Concerns about $49.7 million in outstanding gift cards were raised by more than 60 TGI Fridays franchisees not included in the bankruptcy process at a Monday hearing in federal court in Dallas.
TGI Fridays just got bought out by its largest franchisee after ...
Apr 16, 2024 · U.K.-based Hostmore, the chain’s largest global franchisee, has entered into an agreement to buy the U.S. operations of the company. The deal is expected to close in the third quarter of this year....
TGI Fridays Just Filed For Bankruptcy—What Went Wrong?
Nov 4, 2024 · Late last week, anonymous sources told Bloomberg that TGI Fridays was preparing to file for Chapter 11 bankruptcy and was in talks with lenders who could possible keep the company afloat in the...
TGI Fridays closes 49 more restaurants as bankruptcy looms
Oct 28, 2024 · TGI Fridays has struggled to stay afloat as consumers have pulled back sharply on spending amid sticky inflation, avoiding casual dining chains in favor of cooking at home and saving on costs.