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TGI Friday's quietly closed dozens of restaurant locations last week as the chain reportedly prepares to file for bankruptcy protection.. The company's store locater currently lists 164 locations ...
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.
About a week ago, news outlets reported the chain was considering bankruptcy. It has since shuttered 50 restaurants, including one in Reynoldsburg.
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 ...
TGI Fridays closed over 30 restaurants in 2020 In 2020, the restaurant chain announced the closure of 34 restaurants across the country, citing a decline in sales in 2019.
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.
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 ...
TGI Fridays said it shuttered 36 “underperforming locations” as part of a larger “long-term growth strategy” to revitalize the brand.
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