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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 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.
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 ...
Lighter Side. Medicare. News
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 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]
TGI Fridays said it shuttered 36 “underperforming locations” as part of a larger “long-term growth strategy” to revitalize the brand.
TGI Fridays is continuing with its plan of closing over 30 underperforming locations this year in an attempt to accomplish its ongoing growth strategy. The decision came to light amid Chapter 11 ...