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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.
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.
The first Outback Steakhouse location was opened on March 15, 1988, in Tampa, Florida. Canadian Outback Steakhouse restaurants began in 1996. In March 2009, Outback Steakhouse Canada abruptly closed all nine locations in the province of Ontario, citing poor economic conditions, but in June 2009, Outback Steakhouse opened a location in Niagara Falls, Ontario, with a second location later ...
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 ...
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 Fridays is closing 36 "underperforming" locations across the U.S. as part of a broader restructuring. The fast-casual eatery said in a release late Wednesday that it is offering at least 1,000 ...
Born July 18, 1937, Scoggin graduated from San Jose State University and began his career in 1960 with Boise Cascade.Boise Cascade promoted him to District Sales Manager in 1963, Plant Manager in 1964 and General Manager in 1965.
TGI may refer to: Technical Group of Independents (1999–2001) TGI Fridays, a restaurant chain; Thermal grill illusion, a sensory illusion; Tribunal de grande instance de Paris; Triumph Group's NYSE ticker symbol; Target Group Index, a subsidiary of market research company Kantar Group