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TGI Fridays

Financing

Hostmore calls off its purchase of TGI Fridays

 By Jonathan Maze on Sep. 09, 2024

The U.K.-based operator backed off after the casual-dining chain lost control of its assets. The news sent Hostmore's shares down 91%.

Financing

TGI Fridays loses control of most of its assets

 By Jonathan Maze on Sep. 06, 2024

A consulting firm will take over many of the casual-dining chain's management functions after a trustee on its bonds declared a “manager termination event.”

Financing

TGI Fridays' acquisition by Hostmore is suddenly in question

By Joe Guszkowski on Aug. 08, 2024

U.K.-based Hostmore said this week that the deal has been delayed as the two sides work to sell their corporate TGI Fridays and go fully franchised.

Financing

A Brazilian TGI Fridays operator declares bankruptcy

By Jonathan Maze on Jun. 14, 2024

SouthRock Capital, which had also operated Starbucks and Subway units, filed for Chapter 15 bankruptcy in Texas to protect its rights to the casual-dining restaurant chain.

Operations

TGI Fridays sees 'massive white space' in hotels and airports

By Joe Guszkowski on Jun. 05, 2024

The bar and grill chain said its hotel outlets do better than traditional stores and are more cost-effective to develop.

Financing

TGI Fridays sells licensing rights to Kraft Heinz to pay off debt, report says

By Joe Guszkowski on May 03, 2024

The deal gives Kraft Heinz the right to use Fridays’ brand name on retail products in perpetuity.

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

By Joe Guszkowski on Apr. 19, 2024

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Financing

TGI Fridays to be acquired by U.K. franchisee Hostmore for $220M

By Joe Guszkowski on Apr. 16, 2024

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Financing

How the once-mighty are falling in casual dining

By Peter Romeo on Jan. 30, 2024

Restaurant Rewind: Dominance within the full-service sector has shifted appreciably during the last 20 years. Here’s a look at how the balance of power has shifted, humbling two powerhouses in particular.

Financing

TGI Friday's closures continue the bar & grill sector's long decline

By Jonathan Maze on Jan. 08, 2024

The Bottom Line: The chain has been struggling in the U.S. for years as domestic consumers shift spending away from traditional bar & grill chains.

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