TGI Fridays Will Sell 9 Locations To Pay Down Debt
A Mexico-based operator of restaurants at airports and cruise terminals outbid former TGI Fridays CEO Ray Blanchette by $2M.
TGI Fridays gets bankruptcy court approval to sell 9 locations
Bankrupt restaurant chain TGI Fridays received court approval on Thursday to sell nine of its 39 corporate-owned locations, raising $34.5 million to repay its creditors.
TGI Friday’s Sells Dallas Airport Outlets for $34.5 Million
TGI Friday’s Inc. has struck a deal to sell its outlets in the Dallas Fort Worth International Airport and a handful of other corporate-owned locations in Maryland to restaurant operator Mera Corp. for $34.
TGI Fridays franchisee to acquire bankrupt restaurants for $34.5M
Cancun-based Mera Corp. outbid former Fridays’ CEO Ray Blanchette for a group of nine locations, including five at the Dallas-Fort Worth
TGI Fridays ex-CEO returns as company works on bankruptcy
The former executive’s firm, Sugarloaf Hospitality, has bid on several of the casual-dining company’s remaining locations
TGI Fridays sells DFW Airport restaurants for $34.5 million
North Texas-based casual restaurant chain TGI Fridays has agreed to sell its locations in the Dallas Fort Worth International Airport as well as four other corporate-owned locations in Maryland to restaurant operator Mera Corp. for $34.5 million.
TGI Fridays to sell DFW Airport locations in $34.5M deal
Dallas-based TGI Fridays has announced the sale of its five corporately owned locations at Dallas-Fort Worth International Airport as part of its ongoing bankruptcy proceedings.
TGI Fridays’ ex-CEO—who introduced sushi to a restaurant chain famous for potato skins and mozzarella sticks—will step up to oversee hundreds of locations post-ban…
Ray Blanchette, who served as TGI Fridays’ CEO from 2018 to 2023, will manage more than 400 locations of the chain. TGI ...
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Things didn't look good when TGI Fridays Inc., a once-iconic casual dining chain, filed for Chapter 11 bankruptcy in November ...
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Mera Global outbids ex-Fridays CEO for airport locations in $34.5M auction
Mera Global LLC, a Mexico-based company, has been awarded the purchase of five TGI Fridays units at the Dallas-Fort Worth ...
TGI Fridays Ex-CEO Blanchette to Take Over Chain’s Management
Ray Blanchette’s company Sugarloaf Hospitality to manage over 400 franchised restaurants following TGI Fridays’ bankruptcy.