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TGI Friday's at the time said the move was part of its "ongoing growth strategy." TFI Friday's did not immediately respond to CBS MoneyWatch's request for comment on last week's restaurant closures.
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The first TGI Fridays location opened in Manhattan, New York, in 1965. In January, TGI Fridays closed 36 "underperforming" locations in 12 states, including in Massachusetts and New Jersey.
TGI Fridays released a list of closed restaurants to CNN, which encompasses 12 states. New Jersey has the most locations closed with seven, followed by six in Massachusetts and five in New York ...
It seems like TGI Fridays will keep the lights on for the time being. The casual dining chain had to file for Chapter 11 bankruptcy recently. The executive chairman of TGI Fridays, Rohit Manocha,...
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.
At the start of 2024, TGI Fridays had over 270 locations nationwide. After the most recent string of closures in states like New Jersey, Connecticut, Ohio, Texas and New York, only 163 stores ...
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...