TGI Fridays

Fridays is owned by investment firms TriArtisan Capital and MFP Partners. The chain operates 396 U.S. locations and 446 international restaurants, and its strategy involves resuscitating U.S. operators while growing international restaurants. In the last three months of 2019, Fridays same-store sales declined 11.3%, while traffic declined 9.1%. Over the previous five years, meanwhile, the chain’s domestic system sales declined 28%. The company has been acquiring franchisees, banking on its ability to improve operations and therefore the chain’s sales. It inked a $19 million deal in early January 2020 to acquire 36-unit Briad Restaurant Group, its second-largest franchisee.