Search results
Results from the WOW.Com Content Network
TGI Fridays Franchisor, LLC, doing business as TGI Fridays, [a] is an American casual dining restaurant chain focusing primarily on American cuisine. [8] The restaurant's name stands for "Thank God It's Friday". [9] TGI Fridays operates over 600 locations in 55 countries, [2] [3] including 124 in the United States. [4]
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 Franchisor, LLC, which owns and operates 39 TGI Friday locations, filed for Chapter 11 bankruptcy in November, citing pandemic-era challenges. The chain has struggled to compete with ...
Despite the rough months, TGI Fridays reported 2023 sales of $1.4 billion. Officials are positioning the deal as a way to ensure the chain’s long-term stability and growth. The combined company ...
The company sold TGI Fridays to Sentinel Capital Partners and TriArtisan Capital Partners for a reported $800 million in 2014. [21] Two years later, it sold its hotel division, including Rezidor Hotel Group , Country Inns & Suites by Carlson, Park Inn by Radisson , Park Plaza Hotels & Resorts , Radisson Hotels , Radisson Blu Hotels, and ...
Why Fridays Is Filing for Chapter 11. 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 ...
Sentinel and Triartisan Capital Partners acquired TGI Fridays in 2014 from Carlson a month after the company facing a nationwide collective action wage theft lawsuit. The company tried to prevent certification of an FLSA collective by settling with individual workers that alleged unpaid wages up to $91 million. [ 20 ]
Thirty-nine company-owned TGI Fridays locations, included in the bankruptcy filing, will stay open and so will the hundreds of others the company owns in the U.S. and abroad.