Overview
- TGI Fridays has reduced its U.S. footprint to 85–89 locations from its peak of 600 as part of its Chapter 11 bankruptcy reorganization efforts.
- Former CEO Ray Blanchette returned in January 2025 to lead the turnaround, focusing on improving food quality and refreshing the brand's appeal.
- The revamped menu includes hand-breaded chicken, hand-cut steaks, a new signature 'TGI Sauce,' and expanded mozzarella stick sauce options.
- A redesigned drinks menu features seven modernized signature cocktails aimed at younger, social media-savvy consumers.
- The company aims to complete its reorganization by summer 2025, with plans to stabilize operations and position itself for future growth.