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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.
Nearly 50 locations of TGI Fridays abruptly closed within the past week, an ominous sign for the chain as a reported bankruptcy looms. According to TGI Fridays’ store locator, the chain has 164 ...
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 Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial burdens caused by pandemic-driven ...
Ray Blanchette, who served as TGI Fridays’ CEO from 2018 to 2023, will manage more than 400 locations of the chain. TGI Fridays filed for Chapter 11 bankruptcy in November, citing ongoing ...
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 ...
It was the world's largest TGI Fridays franchisee. [ 5 ] In June 2006, The Briad Group made a major investment in its casual-dining division by striking a $119 million deal to acquire Main Street Restaurant Group, Inc. — a publicly traded company — through its wholly owned subsidiary , Briad Main Street, Inc.
TGI Fridays bartenders trained Tom Cruise for his role in the 1988 film "Cocktail," the company has boasted, and its waitstaff's colorful button-filled uniforms were parodied in the 1999 film ...