TGI Fridays

Financing

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

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

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.

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

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.

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.

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

Sauce innovation can be a magic bullet that sets a restaurant apart from the competition, especially in the crowded chicken and burger categories.

The recently hired president and CMO will lead a new chapter at the chain after Ray Blanchette stepped down in May.

He led the brand for five years. Rohit Manocha, chairman of Fridays’ biggest shareholder, will take over on an interim basis.

Menu specials and deals are in the works to boost sales both on- and off-premise during the NCAA tournament.

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