Number of TGI Fridays has significantly shrunk across the US as chain battles bankruptcy
Briefly

from New York Post5 days ago
TGI Fridays has faced substantial challenges, leading to its bankruptcy filing as it sought to ensure its long-term viability. With only 85 restaurants remaining in the U.S. from a peak of 270, the iconic chain is undergoing a restructuring led by franchisee Ray Blanchette. The bankruptcy affected less than 10% of the system, allowing for new strategies including menu upgrades aimed at attracting a younger audience. The brand's future hinges on fresh leadership and innovative changes to revitalize its presence in casual dining.
The brand, distinct from the entity that filed for bankruptcy, is now led by franchisees, with a franchisee advisory board empowering and shaping brand-wide decisions.
New York Posthttps://nypost.com/2025/04/23/business/number-of-tgi-fridays-has-significantly-shrunk-across-the-us-as-chain-battles-bankruptcy/
The story about TGI Fridays - the iconic restaurant-bar chain that invented casual dining, the singles bar concept, and the Long Island Iced Tea - is not the closures but the new structure and new strategy.
New York Posthttps://nypost.com/2025/04/23/business/number-of-tgi-fridays-has-significantly-shrunk-across-the-us-as-chain-battles-bankruptcy/
Read at New York Post
#tgi-fridays #bankruptcy #casual-dining #restaurant-industry #franchising
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