TGI Friday’s Announces It Is Closing Restaurants For Good

TGI Fridays, the renowned American restaurant chain, has undertaken a strategic move to close more than 30 underperforming establishments across the United States. This unexpected decision, forming part of the company’s growth strategy, aims to ensure long-term success and a continued commitment to providing an exceptional dining experience.

The closures, marked by overnight notices on affected locations, impacted states such as New Jersey, Massachusetts, and New York, with a total of 36 restaurants shuttered. Simultaneously, former CEO Ray Blanchette acquired eight corporate-owned restaurants in the Northeast, signifying a noteworthy shift in ownership.

Ray Risley, TGI Fridays’ US president and chief operating officer, emphasized the company’s dedication to delivering a superior guest experience. The move to strengthen the franchise model and close underperforming stores is viewed as an opportunity to optimize operations and position the brand for future success.

Despite the surprise expressed by customers and employees, TGI Fridays assured stakeholders that the closures were necessary for the brand’s sustainability. Approximately 80 percent of affected employees have been successfully transferred to other company locations, demonstrating the brand’s commitment to supporting its workforce during this transition.

This strategic shift follows recent menu enhancements in October 2023, with TGI Fridays introducing sushi and refreshing cocktails to stay competitive. The fate of the sold-off locations remains uncertain, leaving customers and industry observers intrigued about their future. In conclusion, TGI Fridays navigates these changes with a steadfast commitment to its guests and staff, aiming for enduring success in the evolving restaurant industry.

Related Posts

Why You Wake Up at 3 or 4 A.M. Every Night — And What It Might Be Telling You

Why You Might Be Waking Up at 3 or 4 A.M. Every Night — And What Your Body Is Trying to Tell You If you find yourself…

Kat Timpf confirms Gutfeld! break for more surgery — But Internet trolls still won’t let her be

Kat Timpf is fighting not only cancer but also mom-shamers and conspiracy theories. However, the Fox News personality is addressing everything head-on with her trademark candor and…

Barack and Michelle Obama address divorce rumors in a joint statement – Details

Michelle and Barack Obama are correcting the record. once more regarding their marital status. And they’re doing it this time with their trademark blend of lighthearted humor…

Kat Timpf’s delights fans with ‘funniest joke of all time’ while Johnny Joey Jones can’t stop laughing

Kat Timpf is more than just a cancer survivor. Despite it, she’s laughing. Her fans are now as well. Kat Timpf is making headlines again just a…

I Tried to Leave My Cheating Husband, but His Mother Threatened Me With Something That Could Take My Kids Away

Leaving my unfaithful husband should have been the end of my pain. Instead, it was just the beginning. I thought the worst was behind me—until his mother…

My Family Demanded My Late Son’s College Fund – I Said: ‘Okay but Only Under One Condition’

Losing my son shattered my world—but it also revealed my family’s true priorities. After the funeral, the same people who vanished when I needed them most reappeared…