Tag

Casualdining

All articles tagged with #casualdining

business2 years ago•1 min saved

"TGI Fridays Shuts Down Numerous Locations Nationwide, Including Colorado and New Jersey"

TGI Fridays has closed its final two locations in Colorado as part of a strategic move to shut down 36 underperforming stores nationwide. This decision aligns with the company's efforts to strengthen its franchise model. The closures are part of a broader initiative that has affected multiple states, with the aim of propelling the brand's vision for the future. The iconic chain, known for pioneering the "singles bar," has reduced its global presence but continues to operate over 270 locations worldwide.

via The Denver Post|

##business #casualdining

business2 years ago•3 min saved

TGI Fridays Streamlines Operations by Closing 36 Locations and Selling Others to Boost Growth

TGI Fridays is closing 36 underperforming restaurants across the US and selling eight others to its former CEO, Ray Blanchette, as part of a strategic move to optimize operations. The closures affect a variety of states, with over 1,000 employees being offered transfer opportunities. The company is focusing on strengthening its franchise model and has recently updated its menu to remain competitive in the casual dining sector. Despite the closures, TGI Fridays still operates over 850 locations worldwide, with approximately 275 in the US.

via New York Post |

##business #casualdining

business2 years ago•1 min saved

"TGI Fridays Shuts Down Six Underperforming Massachusetts Locations"

TGI Fridays is closing six of its underperforming restaurant locations in Massachusetts, specifically in Dedham, Danvers, Marlboro, Mansfield, North Attleboro, and Seekonk, as part of a larger plan to shut down 36 locations nationwide. The company is offering transfer opportunities to 80% of the affected employees. This move comes alongside the sale of eight corporate-owned restaurants in the northeast to its former CEO, as TGI Fridays aims to strengthen its franchise model and focus on future growth. The closures reflect a broader trend of casual dining establishments struggling in the New England region.

via CBS Boston|

##business #casualdining