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TGI Fridays

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.

Financing

TGI Friday's closes 36 stores, sells more to Ray Blanchette

By Peter Romeo on Jan. 03, 2024

Blanchette, a former CEO of the chain, will operate the stores as a franchisee. The price he paid was not disclosed.

Operations

TGI Fridays bolsters C-suite with two new execs

By Lisa Jennings on Dec. 13, 2023

The former CEO of Via 313 Pizzeria is named U.S. president and COO; and the former COO of Papa Murphy's becomes CFO and president of international for the casual dining brand.

Leadership

TGI Fridays names new CEO for second time this year

By Joe Guszkowski on Oct. 31, 2023

Longtime board member Weldon Spangler will take over after Brandon Coleman resigned for personal reasons.

Food

TGI Fridays goes all-in on appetizers

By Joe Guszkowski on Oct. 24, 2023

The chain is adding a handful of trendy new apps like truffle tot-chos and a margarita shrimp cocktail as it continues a revitalization effort.

Operations

TGI Fridays wants to become 'more fun than your phone'

By Joe Guszkowski on Oct. 20, 2023

After falling into what new CEO Brandon Coleman called a “sea of sameness,” the storied casual-dining brand is betting things like sushi, mocktails and entertainment will help make it relevant again.

Food

TGI Fridays plans to make millions by serving sushi

By Joe Guszkowski on Oct. 16, 2023

The bar chain has added food from Krispy Rice at 140 locations in a bid to appeal to younger consumers.

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