TGI Fridays Closes , Dozens of Restaurants.
Across the U.S., 36 TGI Fridays restaurants have been closed, while eight have been sold to the company's former CEO, Ray Blanchette, NPR reports. .
Across the U.S., 36 TGI Fridays restaurants have been closed, while eight have been sold to the company's former CEO, Ray Blanchette, NPR reports. .
According to the company, Blanchette "will lead the locations into a new phase of revitalization.".
According to the company, Blanchette "will lead the locations into a new phase of revitalization.".
Our top priority has always been delivering
a superior experience for each and every
TGI Fridays guest, and we've identified
opportunities to optimize and streamline our
operations to ensure we are best positioned
to meet – and exceed – on that brand promise, Ray Risley, U.S. President and
Chief Operating Officer at TGI Fridays, via statement.
By strengthening our franchise model
and closing underperforming stores,
we are creating an unprecedented
opportunity for Fridays to drive
forward its vision for the future, Ray Risley, U.S. President and
Chief Operating Officer at TGI Fridays, via statement.
Over 1,000 transfer options are being
offered for 80% of affected staff. .
Over 1,000 transfer options are being
offered for 80% of affected staff. .
As we continue along our path of
transformation to revitalize the
Fridays brand and implement a
long-term growth strategy, we see
a bright future for TGI Fridays. , TGI Fridays CEO Weldon Spangler, via statement.
We are at the helm of a pivotal
moment that will allow us to
explore boundless advancement,
expansion, and innovation to keep
delivering 'That Fridays Feeling™'
that our fans know and love, TGI Fridays CEO Weldon Spangler, via statement.
237 TGI Fridays locations remain in the U.S. after the recent store closures, NPR reports.