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There are 162 TGI Fridays locations in the U.S., according to the chain’s restaurant locator. CNN reported that there were 270 total locations at the beginning of 2024. More: Red Lobster is ...
Franchisees make up 122 of TGI Fridays’ U.S. locations, as well as 316 locations overseas. Meanwhile, the company owns 39 locations in the U.S., a strategy the private equity-owned restaurant ...
TGI Fridays has filed for Chapter 11. But once upon a time, the last day of the workweek was reserved for fun. ... Gone were the stripes. A new menu boasted chicken lettuce wraps and double-berry ...
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 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 has been quietly downsizing, with dozens of locations closing in 2024 alone. Just last week, 50 more restaurants were shuttered, bringing the U.S. count down to 163 from 270 at the ...
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.
The American casual restaurant chain TGI Fridays filed for Chapter 11 bankruptcy protection on Saturday, citing a flawed capital structure and joining a host of its peers that have struggled this ...