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Story summary
- TGI Fridays unveiled a plan to open more than 1,000 new restaurants and reach $2 billion in annual revenue by 2030.
- The plan follows a Chapter 11 bankruptcy filing in 2024 caused by rising interest rates, competition, and debt.
- Ray Blanchette, CEO of TGI Fridays, said the revival will target younger consumers while preserving the brand’s classic feel.
- The company continues to operate nearly 400 restaurants across 40 countries.
