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TGI Fridays

From Wikipedia, the free encyclopedia
American restaurant chain

TGI Fridays Franchisor, LLC
TGI Fridays
Company typePrivate
IndustryRestaurants
GenreCasual dining
FoundedMarch 15, 1965; 60 years ago (1965-03-15)
New York City, U.S.
FounderAlan Stillman andDaniel R. Scoggin
HeadquartersDallas, Texas, U.S.[1]
Number of locations
600+ (as of June 2023)[2][3]
124 (U.S.)[4]
Area served
Worldwide (except forSub-Saharan Africa)
Key people
Weldon Spangler (CEO)[5]
ProductsSteaks,chicken,seafood,pasta,burgers,sandwiches,salads[6]
Revenue$728 million (2023)[7]
OwnerTriArtisan Capital Advisors
Number of employees
11,000 (2021)
Websitetgifridays.com

TGI Fridays Franchisor, LLC,doing business asTGI Fridays,[a] is an Americancasual diningrestaurant chain focusing primarily onAmerican cuisine.[8] The restaurant's name stands for "Thank God It's Friday".[9] TGI Fridays operates over 600 locations in 55 countries,[2][3] including 124 in the United States.[4] The chain filed for bankruptcy in the United States on November 2, 2024.[10]

History

[edit]

20th century

[edit]
TGI Fridays atHartsfield-Jackson Atlanta International Airport
The TGI Fridays inChrist Church, Barbados, which opened in November 2010 and closed less than three years later, in August 2013
TGI Fridays inWaterbury, Connecticut in June 2014
The former TGI Fridays logo used until 2013; it is still used in older locations.

In 1965, Alan Stillman opened the first TGI Fridays restaurant inManhattan. He lived on 63rd Street between First and York Avenues,[11] in a neighborhood with many airlinestewardesses,fashion models, secretaries, and other young, single people on theEast Side of Manhattan near theQueensboro Bridge. He hoped that opening a bar would help him meet women. Stillman's choices for socializing were non-publiccocktail parties or guys' beer-drinking hangout bars that women usually would not visit; he recalled that "there was no public place for people between, say, twenty-three to thirty-seven years old, to meet." He sought to recreate the comfortable cocktail party atmosphere in public despite having no experience in the restaurant business.[12][11]

WithUS$5,000 of his own money and $5,000 borrowed from his mother,[12] Stillman purchased a bar he often visited, The Good Tavern at the corner of 63rd Street andFirst Avenue, and renamed it TGI Fridays after the expression "Thank God it's Friday!" from his years atBucknell University.[13][14] The restaurant opened on March 15, 1965, serving standardAmerican cuisine,bar food, and alcoholic beverages,[11] and emphasized food quality and preparation.[13]

The exterior featured a red-and-white striped awning and blue paint; theGay Nineties interior includedTiffany-style lamps, wooden floors,Bentwood chairs, and striped tablecloths; and the bar area added brass rails and stained glass. The employees were young men: handsome jocks in form-fitting red-and-white stripedsoccer shirts;[13][15] when a patron was celebrating a birthday, the entire restaurant crew came around with a cake and sang TGI Fridays' traditional birthday song. Footage of interviews with patrons from this TGI Fridays was featured inRobert Downey Sr.'s filmNo More Excuses (1968).[16] The first location closed in 1994[12] and became a British-stylepub called "Baker Street".[citation needed]

AlthoughMalachy McCourt's nearby Malachy'ssingles bar preceded TGI Fridays[17] and Stillman credited the media for creating the term, he had unintentionally created one of the first singles bars. It benefited from the near-simultaneous availability of thebirth-control pill andBetty Friedan's bookThe Feminine Mystique:[13][12][11]

I don't think there was anything else like it at the time. Before TGI Fridays, four single twenty-five-year-old girls were not going out on Friday nights, in public and with each other, to have a good time. They went to people's apartments for cocktail parties or they might go to a real restaurant for a date or for somebody's birthday, but they weren't going out with each other to a bar for a casual dinner and drinks because there was no such place for them to go.[11]

TGI Fridays was one of the first to use promotions such asladies' night,[13] and Stillman achieved his hopes of meeting women; "Have you seen the movieCocktail?Tom Cruise played me!...Why do girls want to date the bartender? To this day, I'm not sure that I get it."[11] He and the restaurant benefited from its location—according to Stillman, 480 stewardesses lived in the apartment building next door[12]—and received publicity in national magazines. TGI Fridays became so popular that it had to install ropes to create an area for thosewaiting in line, also unusual at the time for a restaurant. A competitor,Maxwell's Plum, opened across the street, and others soon followed.[11]

With fellow Bucknell University graduate Ben Benson,[14] Stillman opened other restaurants, including Tuesday's, Thursday's, Wednesday's, and Ice Cream Sunday's.Franchising of TGI Fridays began two years after the Manhattan location opened, in a since-closed location inMemphis, Tennessee's Overton Square district.[11]

In 1971,Daniel R. Scoggin acquired the rights to eight major Midwest cities.[citation needed] In 1972, he opened with the first of a new prototype in Dallas.[citation needed] The raised square bar and multilevel dining became the company standard. Dallas doubled the sales and tripled profits of TGI Fridays' previous best.[citation needed] Families began visiting the new suburban locations during the day for casual food; "it took six or seven years, but T.G.I. Fridays became a very different animal", Stillman said.[11] Attracted by this performance, he merged into the Dallas franchise forming TGI Fridays, Inc., and Scoggin was the CEO for the next 15 years. Scoggin is credited with the then-new 200 seat prototype and many of the TGI Fridays innovations including a large from-scratch menu, potato skins, bartender Olympics, and frozen drinks.[citation needed]

In 1975, the company was sold toCarlson Companies, and Stillman and the original investors departed. Stillman kept the original location and, now married, foundedSmith & Wollensky in 1977 with Benson. Scoggin continued as CEO on an earn-out contract and finalized his sale in 1980,[18][12][11][14][19][page needed][20] signing a new contract to continue as the company's CEO.[citation needed]

When the company was passing through the 100-store mark, it issued aninitial public offering in 1983 withGoldman Sachs.[citation needed] Scoggin developed the first international franchise and the template for future international development. The first restaurant was opened in the UK withWhitbread PLC.[when?] By the time Scoggin departed in 1986, the company had widened its appeal: alcohol consumption was de-emphasized, and quality was emphasized over quantity.[citation needed] The company becameprivately held again in 1989.[13] The focus was then switched from singles to families.[citation needed]

Abrand extension, combining the TGI Fridays concept with the atmosphere of asports bar, called "Fridays Front Row Sports Grill", is found at twoMajor League Baseball stadiums which each overlook the playing field:Chase Field inPhoenix, Arizona andMiller Park inMilwaukee.[citation needed] There was also a Friday's Front Row Grill for a few seasons at Globe Life Park, then the Texas Rangers home field.[citation needed]

21st century

[edit]

The chain peaked in 2008, having 601 restaurants in the US generating $2 billion in revenue. By 2023, sales had fallen to $728 million.[7]

In October 2009, Haymarket broke the world record for biggest profit made in any week, throughout TGI Fridays' history, and it has been home to several past winners from the bartenders Olympics, a contest started by Scoggin.[21]

On May 20, 2014, TGI Fridays was sold toSentinel Capital Partners and TriArtisan Capital Partners.[22] In October 2019, TriArtisan acquired Sentinel's stake in TGI Fridays.[23]

Allegro Merger began working towards taking Fridays public in 2019, buying it away from MFP Partners and TriArtisan Capital,[24][25] but withdrawing in April 2020.[26]

Utz Quality Foods entered a marketing agreement with Inventure Foods in 2017 to use the "TGI Fridays" name for some of its snacks.[27]

In the UK, TGI Fridays re-branded to "Fridays", dropping the "TGI" prefix during 2020.[28] About three years later, the naming reverted to "TGI Fridays".[29]

"Fridays and Go" inDundee, Scotland

In March 2022, the first "Fridays and Go", a takeaway and quick service version[30] of TGI Fridays, launched inDundee, Scotland.[31] Despite initial plans to open up to thirty other branches,[30] it remained the sole example[32] until it closed in October 2024 following the sale of the bankrupt UK franchise.[33]

In October 2023, SouthRock Capital, the operator of all of the TGI Fridays locations in Brazil, declared bankruptcy, continuing to operate most TGI Fridays locations normally while closing a few underperforming ones, while restructuring through the bankruptcy procedure.[34]

On January 4, 2024, TGI Fridays abruptly closed 36 underperforming restaurants and sold eight more to former CEO Ray Blanchette. Most employees were offered transfer to other locations.[35][36]

In April 2024, TGI Fridays entered an agreement to be acquired by Hostmore LLC, the owner of TGI Friday's restaurants in the UK, and for the combined company to go public on the London Stock Exchange.[37]

Friday's entered a licensing agreement withKraft Heinz in May 2024 to sell Fridays-branded appetizers in supermarkets.[38]

Bankruptcy

[edit]

In September 2024, TGI Fridays lost day-to-day control of its assets after failing to submit documents to bondholders on time, with consulting firmFTI Consulting taking temporary control.[39] As a result, Hostmore LLC, the owner of TGI Friday's UK restaurants, dropped its plans to acquire TGI Fridays[40] and went intoadministration,[41][42] putting an estimated 4,500 jobs at risk.[43] A month later, private equity firms Calveton UK and Breal Capital acquired 51 sites and saved 2,389 jobs, but didn't acquire 35 sites which immediately closed, resulting in the loss of 1,012 jobs.[44]

On October 19, 2024, TGI Fridays announced it was seeking financing as it warned that it was preparing to file forChapter 11 bankruptcy in the United States within the coming weeks. The company blamed its bankruptcy on rising interest rates, increased competition and heavy debt.[45] On November 2, 2024, TGI Fridays filed for Chapter 11 bankruptcy.[46][47] The company's press release specifically cited its capital structure as one primary driver of its bankruptcy filing.[10]

On January 2, 2025, it was announced that former CEO Ray Blanchette and his company Sugarloaf Hospitality – which owns seven TGI Fridays franchised restaurants in the US – had been chosen to manage all of TGI Friday's franchised restaurants worldwide. It was also announced that nine of the company's corporate-owned restaurants had been sold to MERA Corp, a TGI Fridays franchisee based inCancún, Mexico, for $34.5 million, outbidding Blanchette – who had made a bid of $30 million – for the locations. The sale allows TGI Fridays to repay its $23.9 million bankruptcy loan, with about $8 million in cash left over.[48][49] On January 29, 2025 it was announced TGI Fridays UK's flagship restaurant inLeicester Square, London had closed down.[50] On January 30, 2025, it was reported that 30 more locations had closed, which left the chain with only around 100 locations remaining in the US.[51]

On February 3, 2025, it was announced that 19 of TGI Fridays' corporate-owned restaurants had been sold to two separate franchisees: three to Sugarloaf Hospitality and 16 to Yadav Enterprises, and that TGI Fridays had rejected the leases for six more restaurants.[52]

Controversies

[edit]
This article's"criticism" or "controversy" sectionmay compromise the article'sneutrality. Please help rewrite or integrate negative information to other sectionsthrough discussion on thetalk page.(November 2024)
Picture frames on a wall at a TGI Friday's by Glenbrook Mall inFort Wayne, Indiana in March 2020; this location later closed.
  • In 2013, as part of "Operation Swill", investigators inNew Jersey raided 17 TGI Fridays franchised restaurants owned byThe Briad Group. They found that the bars were replacing premium brandalcoholic beverages with lower-cost brands yet charging patrons for the more expensive liquor.[53][54]
  • In 2018, a tipping policy change prompted strikes across TGI Fridays restaurants in the United Kingdom as waiting staff took issue with a decision to redistribute 20% of customer tips paid by card to kitchen staff in lieu of a raise.[55][56][57]
  • In 2022, during theRussian invasion of Ukraine, TGI Fridays was criticized byJeffrey Sonnenfeld ofYale for "Digging In" (Defying Demands for Exit or Reduction of Activities).[58] TGI Fridays issued a statement saying that it stood with the people of Ukraine, that the decision whether to close was for local franchisees to make, and that any proceeds received would be donated to Mercy Chefs, an organisation supporting humanitarian efforts in Ukraine.[59]
  • In 2022, the US restaurants faced a class-action lawsuit over the content of the TGI Fridays-branded mozzarella stick appetizer manufactured by Inventure Foods, sold in grocery stores. Litigants claimed the sticks contained nomozzarella cheese.[60] Inventure Foods settled the claims for $900,000, agreeing to pay up to $6 per household, in February 2024.[61]

Franchises

[edit]

TGI Fridays is afranchising operation, with franchisees owning most of the outlets.[citation needed] In 2011, the largest franchisee wasThe Briad Group inNew Jersey, which ran 72 restaurants in six states.[62][63] Briad sold its franchises in 2020.[63]

Whitbread PLC, with 45 locations in the United Kingdom, was a major international franchisee until 2007.[citation needed] On January 17, 2007, Whitbread sold operating rights of all 45 restaurants back to TGI Fridays UK Limited (a consortium consisting of Carlson Restaurants Worldwide Inc. andABN Amro Capital) thus exiting a partnership formed in 1986.[64]

TGI Fridays has also been used as a restaurant for hotels run byCountry Inns & Suites by Carlson brand.[citation needed] In 2014 theinvestment trustElectra Private Equity bought Fridays' British subsidiary with 66 sites across the UK.[citation needed] In 2021 Electraspun off its hospitality business, including Fridays in the UK, as Hostmore PLC.[65] On 18 September 2024 Hostmore PLC entered administration; all UK restaurant locations were offered for sale.[66][67] 51 sites were sold the following month, while a further 35 closed.[44]

List of countries with TGI Fridays

[edit]

Africa

[edit]
CountryNumber of locationsNotes and references
Egypt4[68][69]

Americas

[edit]
CountryNumber of locationsNotes and references
Argentina2[70]
Brazil11[71]
Canada2[72]
Chile2[73]
Costa Rica2[74]
Dominican Republic2[75]
Ecuador3[76]
Guatemala3[77]
Honduras4
Jamaica1[78]
Nicaragua1
Mexico2[79]
Panama8[80]
Paraguay4[81]
Peru17[82]
Trinidad and Tobago4[83]
United States124[4]

Asia

[edit]
TGI Friday's located nearbyKuwait Towers in Kuwait City, 2022
TGI Friday's atRobinsons Galleria Cebu inCebu City, 2023
CountryNumber of locationsNotes and references
Azerbaijan1
Bahrain2[68][69]
China2
India3[84]
Indonesia1
Japan13[85]
Kuwait10[68][69]
Malaysia10[86]
Philippines27[87]
Qatar3[68][69]
Russia1[b][88]
Saudi Arabia18[68][69]
Sri Lanka2
South Korea14Franchise scheduled to end in March 2025[89]
Taiwan16[90][91]
United Arab Emirates11[68][69]

Europe

[edit]
TGI Fridays inEnfield, London, 2013
CountryNumber of locationsNotes and references
Belarus
Cyprus9[92]
Greece9[93][94]
Hungary0Exited the franchise on May 18, 2024
Iceland
Ireland2[95]
Netherlands0 (bankruptcy)[96]
Norway4
Russia13[b][97]
Spain13[98]
Sweden3 (bankruptcy)[99][100]
United Kingdom50[101]

Oceania

[edit]
CountryNumber of locationsNotes and references
Australia20[102]
Guam1[103]

Planned markets

[edit]
CountryNotes and references
New ZealandAnnounced in 2022[104]
SingaporeAnnounced in 2022[105]

Design

[edit]

The newer TGI Fridays franchises (as well as redesigned restaurants) are more contemporary, with wallpaper, granite exteriors, and red-and-white striped lamps instead of Tiffany. The exteriors havestucco, the entrance doors have F-shaped handles, and a metal cup above the door has a stripe saying "In Here, It's always Friday". The logo design was evolved in 2013 by Jane MacDowall and her creative team in Scotland. Most TGI Fridays have apropeller and a rowingscull on display as part of their antiques, which are actually a part of a story told to all TGI Fridays employees; the scull always contains a pair ofsaddle shoes and a bottle of champagne to remind employees of the value of teamwork, leadership, and celebrating success. The propeller is always above or near the bar. The thought is that the bar "propels" the restaurant.[106][failed verification][107][failed verification][108][failed verification]

Menu

[edit]

Fridays has a large menu with an emphasis onalcoholic beverages.[109][failed verification] These drinks come in liquid as well as frozen form and TGI often runs specials or creates unique drinks based on seasonality and location.[citation needed]

TGI Fridays formerly servedAtkins-approved appetizers, entrées, and desserts.[110] In 2006, the Atkins name was removed from the menu when Atkins filed for bankruptcy,[111] but the restaurant continues to offer bothlow-carbohydrate and low-fat menu items. The UK and US menus offergluten-free items.[112]

See also

[edit]

Notes

[edit]
  1. ^Originally and sometimes still stylized on corporate materials and locations asT.G.I. Friday’s orT.G.I. FRiDAY’S
  2. ^abThere are 14 TGI Fridays franchises in Russia, 13 of which are inEuropean Russia (all of which are in Moscow) while the remaining one is inAsian Russia (this restaurant is located inYekaterinburg).

References

[edit]
  1. ^Robinson-Jacobs, Karen (March 11, 2016)."TGI Fridays trims staff, shifts corporate office from Carrollton to 'fun' space in Dallas".Dallas News.
  2. ^ab"Franchise Opportunities".TFI Fridays. RetrievedJune 15, 2023.
  3. ^ab"TGI Fridays announces chief executive officer transition"(PDF). TGI Fridays. October 2, 2018. RetrievedOctober 12, 2018.[permanent dead link‍]
  4. ^abc"TGI Fridays stores in the USA".TGI Fridays. RetrievedJanuary 7, 2025.
  5. ^"TGI Fridays Names Weldon Spangler as Chief Executive Officer".PR Newswire. October 31, 2023. RetrievedNovember 5, 2024.
  6. ^"TGI Fridays Restaurant & Bar".TGI Fridays.
  7. ^abO'Brien, Matt (November 2, 2024)."TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue".Associated Press. RetrievedNovember 27, 2024.
  8. ^Beltran, Luisa."Sentinel in talks to sell TGI Fridays's stake".PE Hub. Archived fromthe original on November 4, 2019. RetrievedNovember 4, 2019.
  9. ^"FAQ".TGI Fridays. RetrievedJanuary 7, 2025.
  10. ^ab"TGI Fridays Inc Files Voluntary Chapter 11 Petitions to Address Legacy Liabilities and Position Restaurants for Long-Term Success"(PDF).TGI Fridays. November 2, 2024. RetrievedNovember 8, 2024.
  11. ^abcdefghijTwilley, Nicola; Ninivaggi, Krista (November 15, 2010)."A Cocktail Party In The Street: An Interview With Alan Stillman".Edible Geography. RetrievedMay 2, 2022.
  12. ^abcdefPatton, Phil (December 1994)."AGENTS of CHANGE". American Heritage. Archived fromthe original on September 6, 2008.
  13. ^abcdefPrewitt, Milford (March 29, 1993)."Stillman: Fridays filled a generation's need". Nation's Restaurant News. RetrievedFebruary 22, 2011.
  14. ^abcWitchel, Alex (December 30, 2008)."A Grown-Up Takes the Long View".New York Times. RetrievedFebruary 23, 2011.
  15. ^Simonson, Robert (2016).A Proper Drink: The Untold Story of How a Band of Bartenders Saved the Civilized Drinking World.Ten Speed Press.ISBN 978-1-60774-754-3.OCLC 933567553.
  16. ^Koresky, Michael (May 22, 2012)."Eclipse Series 33: Up All Night with Robert Downey Sr".Criterion Collection. RetrievedJuly 16, 2019.Codirected with Downey's sometime editor Robert Soukis, it was originally conceived as a showcase for footage left over from a five-minute ABC news segment Downey had been hired to shoot about the singles-bar scene on New York's Upper East Side (including the original T.G.I. Friday's). In these segments, the offscreen director asks various partiers, in clubs and on the street, their thoughts about the "so-called sexual revolution."
  17. ^Schneider, Daniel B. (December 27, 1998)."F.Y.I".New York Times. Archived fromthe original on May 18, 2024.
  18. ^"Granddaddy of singles bars: a look at T.G.I. Fridays today". Nation's Restaurant News. September 1, 1986. RetrievedFebruary 22, 2011.[dead link‍]
  19. ^Nykiel, Dr. Ronald A (2007).Handbook of Marketing Research Methodologies for Hospitality and Tourism. Routledge.ISBN 9780789034267.
  20. ^High Profile, "Dan Scoggin",The Dallas Morning News, Sunday, January 27, 1985, Section E
  21. ^Martin, Richard (April 18, 1994)."TGI Fridays forges ahead in 'unfriendly' territory – Europe".Nation's Restaurant News. Archived fromthe original on January 2, 2014.
  22. ^Horovitz, Bruce."Fridays, Red Lobster: Casual dining for sale".America's Markets (USA Today). Archived fromthe original on July 24, 2014. RetrievedMay 20, 2014.
  23. ^Beltran, Luisa (October 8, 2019)."Sentinel in talks to sell TGI Fridays's stake".PE Hub. Archived fromthe original on November 4, 2019. RetrievedNovember 19, 2019.
  24. ^Beckett, Emma Liem (November 8, 2019)."TGI Fridays will no longer go public in wake of coronavirus".Restaurant Dive.
  25. ^"FAQ".TGI Fridays. Is Fridays and TGI Fridays the same?. RetrievedNovember 9, 2024.
  26. ^Romeo, Peter; Maze, Jonathan (April 6, 2020)."TGI Fridays' $380M deal is called off".
  27. ^Schweigert, Keith (October 31, 2017)."Utz agrees to purchase Nathan's Famous, TGI Fridays snack company".fox43.com.
  28. ^Wong, Henry (July 6, 2020)."TGI Fridays becomes Fridays in brand shake-up".Design Week. RetrievedNovember 9, 2024.
  29. ^Cousins, Jack (June 28, 2023)."TGI Fridays returns to roots following brand update".transformmagazine.net. RetrievedNovember 9, 2024.
  30. ^abPrice, Katherine."Fridays to launch first Fridays and Go concept in Dundee". The Caterer. Archived fromthe original on January 19, 2022. RetrievedSeptember 19, 2024.
  31. ^Spencer, Caroline (March 16, 2022)."'World first' Fridays takeaway's grand opening in Dundee".The Courier. Archived fromthe original on March 16, 2022. RetrievedSeptember 19, 2024.
  32. ^"Fridays And Go". tgifridays.co.uk. Archived fromthe original on April 14, 2024. RetrievedSeptember 19, 2024.Fridays And Go - Takeaway at Dundee [..] 26-28 Reform Street, Dundee, DD1 1RH [..] ABOUT FRIDAYS AND GO DUNDEE [ no other branches listed ]
  33. ^Andrew Robson (October 7, 2024)."Dundee's Fridays and Go permanently shuts as TGI Fridays closes several UK restaurants".The Courier. Archived fromthe original on October 7, 2024. RetrievedOctober 7, 2024.
  34. ^"Brazil court okays bankruptcy protection for TGI Fridays, Starbucks operator".Nasdaq. December 12, 2023. RetrievedDecember 14, 2023.
  35. ^Valinsky, Jordan (January 4, 2024)."TGI Fridays abruptly closes 36 'underperforming' restaurants". CNN Business. RetrievedJanuary 4, 2024.
  36. ^Tenser, Phil (January 4, 2024)."No more Fridays: Restaurant chain closes nearly half of Mass. locations".WCVB. RetrievedJanuary 4, 2024.
  37. ^Littman, Julie (April 15, 2024)."TGI Fridays enters $220M agreement to combine with UK franchisee".Restaurant Dive. RetrievedJanuary 17, 2025.
  38. ^"Kraft Heinz and TGI Fridays ® Announce New Perpetual Licensing Deal to Sell TGI Fridays Branded Frozen Appetizers in Retail" (Press release). May 1, 2024. RetrievedNovember 2, 2024.
  39. ^John Milton, Immanual; Carpenter, Scott (September 5, 2024)."TGI Friday's Loses Control of Assets Following Document Delay".Bloomberg. Archived fromthe original on September 7, 2024. RetrievedJanuary 17, 2025.
  40. ^Maze, Jonathan (September 9, 2024)."Hostmore calls off its purchase of TGI Fridays".Restaurant Business Online. RetrievedJanuary 17, 2025.
  41. ^Davison, Tamara (September 18, 2024)."TGI Fridays collapses into administration: the UK restaurants affected".Evening Standard. RetrievedSeptember 18, 2024.
  42. ^Simpson, Matt (September 18, 2024)."Restaurant in Bournemouth at risk of closing as administrators called".Bournemouth Echo. RetrievedSeptember 18, 2024.
  43. ^Labiak, Mitchell (September 18, 2024)."4,500 jobs at risk as TGI Fridays enters administration".BBC News. RetrievedSeptember 18, 2024.
  44. ^abCroft, Jane (October 7, 2024)."TGI Fridays secures rescue deal but more than 1,000 UK jobs lost".The Guardian. Archived fromthe original on October 7, 2024. RetrievedNovember 27, 2024.Calveton UK and Breal Capital [have] bought 51 sites from [the administrators, with] the transfer of 2,389 employees [however] 35 restaurants were not included within the sale and so have been closed with immediate effect, resulting in 1,012 job losses.
  45. ^Basu, Reshmi; Ronalds-Hannon, Eliza (October 19, 2024)."TGI Friday's Seeks New Financing in Preparation for Bankruptcy".Bloomberg. RetrievedOctober 19, 2024.
  46. ^Randles, Jonathan (November 2, 2024)."TGI Friday's Is Latest Casual Dining Chain to Go Bankrupt".Bloomberg. RetrievedNovember 2, 2024.
  47. ^O'Brien, Matt (November 2, 2024)."TGI Fridays Files For Bankruptcy Protection As Sit-Down Restaurant Struggles Continue".Associate Press. RetrievedNovember 3, 2024.
  48. ^Biswas, Soma; Haddon, Heather (January 2, 2025)."TGI Fridays Ex-CEO Blanchette to Take Over Chain's Management".Wall Street Journal. Archived fromthe original on January 2, 2025. RetrievedJanuary 4, 2025.
  49. ^Knauth, Dietrich (January 2, 2025)."TGI Fridays gets bankruptcy court approval to sell 9 locations".Reuters. RetrievedJanuary 4, 2025.
  50. ^Prynn, Jonathan (January 29, 2025)."TGI Fridays Leicester Square flagship shuts down".Evening Standard. RetrievedFebruary 8, 2025.
  51. ^Guszkowski, Joe (January 30, 2025)."TGI Fridays closes 30 more locations".Restaurant Business Online. RetrievedJanuary 31, 2025.
  52. ^Guszkowski, Joe (February 3, 2025)."TGI Fridays sells 19 restaurants out of bankruptcy".Restaurant Business Online. RetrievedFebruary 8, 2025.
  53. ^Morley, Hugh (May 22, 2013)."N.J. raids restaurants in Bergen, Passaic counties in liquor scam probe".NorthJersey.com. Archived fromthe original on August 3, 2013. RetrievedMay 23, 2013.
  54. ^Gingras, Brynn (May 23, 2013)."13 TGI Fridays in New Jersey Accused of Faking Premium Liquor".NBC 4 New York. RetrievedMay 23, 2013.
  55. ^Butler, Sarah (May 18, 2018)."TGI Fridays staff go on strike in UK's first dispute over tipping".The Guardian.ISSN 0261-3077. RetrievedApril 21, 2023.
  56. ^Turak, Natasha (May 18, 2018)."TGI Fridays staff stage walkout in the UK over tips dispute, threaten 'summer of disruption'".CNBC. RetrievedApril 21, 2023.
  57. ^Ali, Taj."TGI Fridays: Taking Food From the Mouths of Workers".tribunemag.co.uk. RetrievedApril 21, 2023.
  58. ^"Over 750 Companies Have Curtailed Operations in Russia—But Some Remain".Yale School of Management. November 9, 2024 [Originally published 28 February 2022, continuously updated].Archived from the original on June 16, 2022.
  59. ^"Statement on Restaurants in Russia"(PDF).TGI Fridays. March 11, 2022.
  60. ^Mayorquin, Orlando (December 1, 2022)."Maker of TGI Fridays 'Mozzarella Sticks' sued for containing no mozzarella, just cheddar".USA Today.
  61. ^"Inventure Foods, TGI Friday's false advertising $900K class action settlement". Top Class Actions. February 2024.
  62. ^"The Briad Group". Archived fromthe original on June 7, 2011. RetrievedFebruary 14, 2021.
  63. ^ab"History".briad.com. RetrievedNovember 2, 2024.
  64. ^"WHITBREAD PLC SELLS TGI FRIDAY'S BUSINESS". January 17, 2007. Archived fromthe original on October 30, 2007. RetrievedDecember 15, 2007.
  65. ^"Our Story".Hostmore.
  66. ^Canham-Clyne, Aneurin (September 9, 2024)."TGI Fridays acquisition falls through, bondholders seize assets".Restaurant Dive.
  67. ^Fantozzi, Joanna (September 23, 2024)."TGI Fridays' U.K. owner Hostmore files for administration after reverse takeover fails".National Restaurant News.
  68. ^abcdef"فروعنا" (in Arabic). January 24, 2017.
  69. ^abcdef"Store Locator". November 18, 2016. RetrievedMarch 11, 2023.
  70. ^"Locales" (in Spanish).
  71. ^"Encontre a gente" (in Portuguese).
  72. ^"Niagara Falls Restaurant | TGI Fridays Niagara Falls".www.tgifniagara.com.
  73. ^"Locales" (in Spanish).
  74. ^"Tiendas" (in Spanish).
  75. ^"Sucursales" (in Spanish).
  76. ^"Fridays".www.tgifridays.ec.
  77. ^"Fridays" (in Spanish).
  78. ^"Home | TGI Fridays".TGI Fridays™ Jamaica. RetrievedFebruary 15, 2024.
  79. ^"Elige tu Fridays" (in Spanish).
  80. ^"Sucursales" (in Spanish).
  81. ^"Sucursales" (in Spanish).
  82. ^"Locales" (in Spanish).
  83. ^"About Us".
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  91. ^"Locations".
  92. ^"Locations Listing".fridays.com.cy.
  93. ^"Επιλεξτε εστιατοριο" (in Greek).
  94. ^"Choose restaurant".fridays.gr.
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  96. ^"Locaties" (in Dutch).
  97. ^"Рестораны Фрайдейс в Москве" (in Russian).
  98. ^"Localizador" (in Spanish).
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