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The chain peaked in 2008, having 601 restaurants in the US generating $2 billion in revenue. By 2023, sales had fallen to $728 million. [7]In October 2009, Haymarket broke the world record for biggest profit made in any week, throughout TGI Fridays' history, and it has been home to several past winners from the bartenders Olympics, a contest started by Scoggin.
The company was renamed Carlson Companies, Inc., in 1973. [3] In 1975, Carlson ventured into the restaurant business by acquiring an interest in TGI Fridays, taking full ownership in 1989. [8] It also purchased Country Kitchen, a chain of family-style restaurants in 1977, [9] selling the brand in 1997. [10]
The company finally sold its food distribution business and focused solely on restaurant business with development of additional brands. In 2006, Main Street had 56 TGI Fridays, and a dozen of restaurants under other brands. It was the world's largest TGI Fridays franchisee. [5]
TGI Fridays has been struggling for years as consumer tastes have shifted. Now new owners are on the way to the casual restaurant chain. U.K.-based Hostmore, the chain’s largest global ...
The bankruptcy only impacts the 39 U.S. company-owned TGI Fridays locations, leaving the bulk of the brand—over 460 franchised locations in 41 countries—open and unaffected. These franchises ...
TGI Fridays Franchisor, LLC, which owns and operates 39 TGI Friday locations, filed for Chapter 11 bankruptcy in November, citing pandemic-era challenges. The chain has struggled to compete with ...
TGI Fridays: New York City, New York: 1965 Dallas, Texas: 310 Nationwide ... Rocklands Barbeque and Grilling Company: Washington, D.C. 1990 4 East Coast Shane's Rib ...
Thirty-nine company-owned TGI Fridays locations, included in the bankruptcy filing, will stay open and so will the hundreds of others the company owns in the U.S. and abroad. Restaurant locations ...