TGI Fridays

Friday’s Will Close Up to 20 Percent of Its Locations - Eater

"TGI Fridays is the kind of casual dining chain and sports bar that encouraged dining in. Which, at a time when eating at a restaurant is either impossible or comes with extreme restrictions, isn’t great for business. In an interview with Bloomberg, CEO Ray Blanchette says revenue is down about 50%, even with pick-up and delivery services, and up to 20% of the company’s 386 locations may close permanently. 'Some will close forever, without a doubt,' he said. 'Right now it’s all triage and it’s all about cash: How are you going to make it through and keep the company solvent?'" - Jaya Saxena