TGI Friday's has quietly closed several locations in three states while the wrestling restaurant chain chapter 11 navigates bankruptcy.
Local reports found closures at four locations in Las Vegas, two Long Island outside posts and various shopping posts in Pennsylvania.
The company has not publicly commented on the final round of Shutdowns and did not respond to a request for comment from DailyMail.com.
Friday fans still have various options to buy the iconic ribs, hamburgers and characteristic cocktails from the restaurant.
In Pennsylvania, restaurants in Williamsport, Wilkes-Barre, Scranton, Gettysburg, Bethlehem and Quakertown are still open. Long Island retains its central Islip and Valley stream locations, while one store at Boulder Highway remains active in Las Vegas, according to Google Listings.
But the slate of closures is another contraction for the once dominant chain. The brand declared chapter 11 bankruptcy in November 2024.
While the company restructures its debt, dozens of stores are closed in succession. The week before the announcement of the bankruptcy closed 50 locations on Friday.
Founded in 1965, TGI Friday's sales and store locations reached 601 American restaurants and $ 2 billion in net turnover in 2008. At its peak, the brand also had 300 international locations.
The chain of informal restaurants closed more locations at the beginning of 2025
But the newest closures remain a decrease in the years for the informal eating chain.
The recession started in 2009 when the US entered a recession, which led to a sharp fall in sales by 24 percent to $ 1.5 billion.
At the time, the number of restaurants also fell and also shrinks to 480 locations throughout the country.
Earlies accelerated during the COVID-19-Lockdowns in 2020. The restaurant reported further difficulties in 2021 with inflation that the chain squeezed as a food-road-of-home prices, according to the consumer price index.
“The primary motivation of our financial challenges was the result of COVID-19 and our capital structure,” said Rohit Manocha 'Friday' on Friday chairman in a statement after the bankruptcy.
In October 2024 the brand reported 164 Open Winkelpuien in the US, per restaurant news in the country. Now the website of the brand states that it has 125 national locations and the Restaurant is cutting the workforce against a fifth of 2008.
The income has also been folded. The company reported $ 728 million in turnover in 2023, which marked a decrease of 63 percent compared to its peak.
Despite the recession, the brand still has devoted supporters.
Ray Blanchette, the CEO of the company between 2018 and 2023, continued to buy on Friday franchises in the US
TGI locations on Friday have become scarce in the US
TGI Fridays, famous for its characteristic hamburgers and drinks, reported sales since 2008
Several Friday locations are closed (left) because the former CEO Ray Blanchette has made bids to buy restaurants from the Corporation
In conversation with The Wall Street Journal, Blanchette framed the potential revival of the company in simple terms.
“This is not a Rocket Science,” he told the publication. 'You have to sell people a good time. We sell experiences, no groceries. '
Blanchette had a bid worth $ 30.5 million to buy nine restaurants in the company in Maryland and Texas with its franchise company, Sugarloaf Hospitality.
As part of the agreement, Blanchette hopes to maintain the brand and the menu of Friday.
Blanchette is already operating eight other Friday locations in the US
The new offer is $ 3.4 million per restaurant. TGI Friday's reported a gross sales number of $ 2.6 million pre-business location in 2023.
But Blanchette said he said that he told the Wall Street Journal that he wants to model a revival for the nostalgic brand.
“I spent the vast majority of my career here,” he told the publication. “It's a whole oeuvre. I don't want to see the brand disappear. '
Friday is far from the only casual restaurant that is struggling with the sale in the Post-Pandemic Lockdown era.
Various other national chains, including Red Lobster, World of Beer Bar & Kitchen, and citizenfi also served in the bankruptcy of Chapter 11 in 2024 as customers, fluctuated by inflatory pressure, flowed to ridiculous meal agreements.
In dozens of Reddit -Threads, customers have complained about the price of sitting meals and they explained how they have adjusted their spending habits.
“Apart from cooking at home, I eat in more comic centers and street food,” said a restaurant visitor. “It's actually a good price in terms of things that I can't make at home.”
