"TGI Fridays Shuts Down Dozens of Underperforming Locations Nationwide"
TGI Fridays has announced the closure of 36 of its restaurants nationwide, with the sale of eight locations to its former CEO, Ray Blanchette, for revitalization. The company is restructuring, including changes in executive leadership, and is offering transfer opportunities to the majority of affected employees. Despite the closures, TGI Fridays remains optimistic about its long-term growth strategy and brand revitalization, with 237 locations still operating in the U.S.