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TGI Fridays rebuilds brand after bankruptcy
NJ Biz ^ | 13th March 2026 | Kimberley Tedmond

Posted on 06/05/2026 12:13:19 PM PDT by Cronos

TGI Fridays was a once a powerhouse in the casual dining scene known for its lively atmosphere, happy hours and fan favorite American comfort foods like loaded potato skins, burgers and chicken wings. With over 600 U.S. locations and hundreds more internationally at its peak, TGI Fridays was a globally recognized brand that combined strong operational scale with a fun guest experience.

Now as the 61-year-old chain rebuilds in the wake of its November 2024 bankruptcy, leadership is working to recapture Fridays’ reputation as “the most celebratory, craveable brand in casual dining.”

After years of media coverage about the chain’s financial and operational struggles, Martin said most of the customers who pop in tend to say the same thing: “Well, I didn’t know you guys were even still open.”

As part of a new strategy, Fridays aims to grow from roughly 380 locations globally to more than 1,000 restaurants domestically and internationally by 2030. The plan also targets a rebound toward $2 billion in annual revenue before the next decade begins.

the Dallas-based chain outlined four core priorities aimed at stabilizing the business and reigniting growth.

Fridays hopes to revive its reputation as a true destination for casual dining and fun nights out. That means menu innovations, creative beverage programs and marketing efforts designed to drive traffic and reconnect with longtime fans who drifted away in recent years.

Fridays is also pursuing flexible expansion that allows for asset-light, franchise-led growth across a range of formats, from traditional restaurants to non-traditional venues like airports and hotels. That includes looking at new regions, like Africa, Southeast Asia and the Balkans, alongside key U.S. and U.K. markets.

(Excerpt) Read more at njbiz.com ...


TOPICS: Business/Economy
KEYWORDS: bankruptcy; brand; food; tgifridays

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1 posted on 06/05/2026 12:13:19 PM PDT by Cronos
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To: Cronos

The food became nothing but salt licks.


2 posted on 06/05/2026 12:16:06 PM PDT by CodeToad
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To: Cronos

I used to like the place. There’s an empty one not far from me. I wish them a lot of luck, casual dining is a crowded space.


3 posted on 06/05/2026 12:16:38 PM PDT by brownsfan (We are already on the slippery slope.)
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To: Cronos

And they used to be better than Applebee’s.


4 posted on 06/05/2026 12:18:42 PM PDT by MinorityRepublican
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To: Cronos

Used to one across from the mall. The mall is still alive and well.
I do see that there two locations 97 and 98 miles away .


5 posted on 06/05/2026 12:22:01 PM PDT by OldHarbor
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To: Cronos

They just need more flair on their uniforms.


6 posted on 06/05/2026 12:22:31 PM PDT by Clay Moore (My pistol identifies as a cordless hole punch. )
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To: Cronos

They were never near us. Most were an hour away.


7 posted on 06/05/2026 12:25:11 PM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
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To: Clay Moore

MORE BUTTONS

and sing HAPPY BIRTHDAY more often


8 posted on 06/05/2026 12:25:36 PM PDT by woodbutcher1963
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To: Cronos

Used to love them but they lost the touch and all the stores around me closed.


9 posted on 06/05/2026 12:35:06 PM PDT by packrat35 (“When discourse ends, violence begins.” – Charlie Kirk, and they killed him anyway)
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To: Cronos

“TGI Fridays rebuilds brand after bankruptcy”

the new management says that it will be renamed “TGI Wednesdays”,but nothing else will change, including the execrable food and execrable service ...


10 posted on 06/05/2026 12:35:22 PM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: Cronos

Low quality, but delicious food, made delicious by chemicals. Not the way to MAHA


11 posted on 06/05/2026 12:35:38 PM PDT by Freee-dame (The left never dreamed that Trump would be back in the White House in 2025. )
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To: MinorityRepublican

Is Applebee’s still in business. Haven’t heard that name in years.


12 posted on 06/05/2026 12:35:53 PM PDT by packrat35 (“When discourse ends, violence begins.” – Charlie Kirk, and they killed him anyway)
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To: Clay Moore

13 posted on 06/05/2026 12:37:43 PM PDT by Kenny Bania (Ovaltine? Why not call it Roundtine?)
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To: Cronos

I think I ate there once 40 years ago?


14 posted on 06/05/2026 12:37:55 PM PDT by eyeamok
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To: woodbutcher1963

“and sing HAPPY BIRTHDAY more often”:

your suggestion to increase HAPPY BIRTHDAY songs more often was well taken by the new, post-bankruptcy, management, which announced that all customers will now each be allowed TWO birthdays: their real one, and an additional one that they can pick out for themselves.


15 posted on 06/05/2026 12:38:04 PM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: eyeamok

“I think I ate there once 40 years ago?”

i was forced to eat their one time at least 30 years ago, because some idiot co-worker picked that restaurant out for their birthday celebration lunch ... never again ... [not too long after that, that restaurant closed and was eventually bulldozed]


16 posted on 06/05/2026 12:40:45 PM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: Cronos
I stopped going to TGI Friday's when the one in San Ramon, CA closed after they had their liquor license pulled for serving alcohol to underage people.

-PJ

17 posted on 06/05/2026 12:42:05 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: catnipman

That is the reason I go to the Longhorn instead of Texas Roadhouse. I can NOT stand the STUPID, REDICULOUS, ASSININE, singing HAPPY BIRTHDAY ALL THE TIME.


18 posted on 06/05/2026 12:47:33 PM PDT by woodbutcher1963
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To: Cronos

Most in my area of middle TN around Nashville closed due to rowdy and jerk customers.

And yes Boo Boo...

Not the Amish.


19 posted on 06/05/2026 1:05:22 PM PDT by Fledermaus ("It turns out all we really needed was a new President!")
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To: Cronos

It was the place to go back in the 1980’s. Fun decor and atmosphere, potent Long Island Ice Teas, and big yummy Onion Ring Blossoms. Haven’t been there in years and years.


20 posted on 06/05/2026 1:20:37 PM PDT by fidelis (June is the Month of Devotion to to the Most Sacred Heart of Jesus. Pass it on!)
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