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From Restructuring to Revival, TGI Fridays’ Global Growth Strategy
On to brighter days
Home to the infamous Jack Daniel’s–infused whiskey sauce, TGI Fridays has navigated a challenging stretch over the past couple of years, marked by the retirement and return of CEO Ray Blanchette, store closures, and a Chapter 11 filing at the end of 2024.
However, a turnaround has taken shape, as menu innovation and global expansion gained momentum in 2025 and continue to carry the brand forward into 2026.
On November 2, 2024, TGI Fridays announced it had filed for Chapter 11 bankruptcy , seeking...
TGI Fridays® Doubles Down on Global Expansion
Sugarloaf TGIF Management, LLC ("Sugarloaf"), a privately held company and manager of the global TGI Fridays® brand, announced today the extension of franchise development and master franchise agreements with long-standing franchise partners Franquicias Alimentarias S.A. and Watami Co., Ltd., to expand TGI Fridays® presence throughout Peru and Japan. With agreements in place to develop over 50 new restaurants, these partnerships underscore Sugarloaf's commitment to TGI Fridays' global growth and confidence in the strength of the brand's international business.
Building on a legacy of over 60 years...
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