
"TGI Fridays Closes Dozens of Locations Nationwide Amid Underperformance"
TGI Fridays has closed 36 underperforming restaurants across 12 states, including six in the DC area of Maryland and Virginia, leaving 11 locations in the region. The company is streamlining operations to improve customer experience and has offered transfer opportunities to over 1,000 employees affected by the closures. Additionally, eight Northeast locations have been sold to the chain's former CEO, Ray Blanchette. TGI Fridays, owned by TriArtisan Capital Advisors, operates around 650 restaurants globally.
