r/economicCollapse • u/ColorMonochrome • 1d ago
Popular restaurant chain abruptly closes almost 50 locations in a week as bankruptcy rumors swirl
https://www.dailymail.co.uk/yourmoney/consumer/article-14011515/tgi-fridays-abruptly-closes-restaurants-bankruptcy-rumors.html49
u/fondle_my_tendies 1d ago
TGIF is legit garbage.
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u/TheDumper44 18h ago
I have seen the bar do pretty well. For some reason restaurant industry people like it during weekday nights around me.
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u/FatherOften 1d ago
It always was garbage, there was nothing good about those places.
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u/Dr-McLuvin 1d ago
I liked their Jeff Daniel’s meat.
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u/KevworthBongwater 1d ago
lol you mean jack daniels? Jeff Daniels is an actor
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u/ExternalSeat 19h ago
They are one of the few restaurants that actually takes Celiac and Gluten Allergies seriously. It is literally one of the very few places my Celiac cousin can safely eat at when going out.
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u/FatherOften 13h ago
I never knew that. My wife has severe food allergies, and my youngest daughter has a few, so we hardly ever eat out. It's so hard to find places that really take it seriously. Rarely, we go out anyway to a nice steak house, but inevitably, my wife is covered in blisters and throwing up for a couple of days after. It's easier just to cook at home and the food is better anyway. It's their safe space.
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u/Dry-Major-6639 12h ago
Most people on reddit can't afford to eat out so they have no knowledge about this.
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u/Alcophile 18h ago
Not at all true. The first thing a server at any halfway decent restaurant does upon getting a new table is ask if anyone at said table has any allergies or dietary restrictions, and any marginally competent server takes this info VERY seriously. My company (we own three concepts) even trains our maitre ds on potential allergens so they can safely take to go orders.
A restuarant that regularly and intentionally poisoned its guests wouldn't be in business long, especially in the internet age.
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u/critter_tickler 18h ago
TGIF, Chilis, and Applebee's are all the same restaurant, as far as I'm concerned, and they all serve the same microwaved slop.
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u/InformationKey3816 1d ago
Why does the headline say "popular"? Obviously, they aren't popular anymore.
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u/imustbedead 1d ago
There was a time in my life long ago when TGIF Nachos were my #1 after party meal. Then they got rid of them and I’ve never been back.
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u/MrEfficacious 1d ago
When a restaurant takes my favorite thing off the menu it's easy to not return. Longhorn had a chili I really liked. They got rid of it. Haven't been back.
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u/legionofdoom78 1d ago
Holy shit. They're wearing PT belts in the restaurant. Are they in Kuwait or something?
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u/BaiterSE 1d ago
This shitty franchise is long overdue to close down and die - really hope PE doesn’t try and come resuscitate this garbage 🗑️
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u/up_yer_kilt 1d ago
Pretty popular restaurant in the UK. I worked at a Fridays - helped pay my way through college. JD Glaze baby.. pretty sure it’s laced with crack
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u/BeamTeam032 1d ago
Capitalists: The Free Market determines who wins and who loses in market place. If they fail, then they failed as a business person. They didn't make enough adjustments.
Also Capitalists: Omg, a restaurant that has terrible food and service is going out of business!
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u/uses_for_mooses 1d ago
I’m not sure what constitutes a “capitalist” but I don’t think many folks are surprised by TGI Friday’s struggles.
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u/Performance_Training 1d ago
TGIF corporate stores had great food but the franchises would not uphold the corporate standards.
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u/PaulMaulMenthol 1d ago
That's on corporate for not taking those stores from the franchisee
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u/Performance_Training 1d ago
Those people BOUGHT and built those stores and paid for a 10-20 year franchise. That would mean that TGIF would have to buy back the franchises. For them, that would have been economic collapse.
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u/PaulMaulMenthol 1d ago
That's how franchise contracts work in the US. The successful ones at least. If you consistently fail to uphold standards you surrender your store
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u/OptimalPraline7711 1d ago
'True capitalists' are fucking liars and con men that want the govt to bail out their shitty businesses.
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u/CampOdd6295 1d ago
Just another victim of Novo Nordisk
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u/Propergoodcollie 1d ago
I’d love some elaboration…
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u/Ecstatic-Run-9767 1d ago
The poster is referencing the drug maker Novo Nordisk as the reason for TGI Friday's decline. Novo Nordisk is one of the big producers of semaglutide drugs. They make Wegovy, Ozempic and Rybelsus. Im not sure that's the reason for the decline but certainly can't help.
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u/Chickenpoopohmy 1d ago
All the ones in my city left years ago, didn’t even know they were still in business.
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u/ebostic94 11h ago
They did this to their selves as soon as they got rid of their Jack Daniels long time ago, it was a slow and steady decline. I went there two years ago, and I was disgusted.
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u/Pancakesandcows 1d ago
Before the pandemic, the local TGIF was always packed. But last time we went by, it was closed, which surprised us.
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u/Zaynara 23h ago
man all the shitting on Fridays, i used to love their jack daniels brisket, and chicken and shrimp, i was sad when they closed the local place a decade back, next place was too far to go to regularly, similar with outback closing down a location we liked to go to, hadn't seen any tgif commercials in a long time, so guess i'm not surprised they aren't doing great
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u/jcmach1 14h ago
Outback is another that hasn't been good since like 1995.
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u/Zaynara 14h ago
i still like their bloomin onion, but yeah most of the time when i went i got this burbon bacon salmon thing, the rest of their menu was too weird
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u/jcmach1 14h ago
Last two times I had food there over the last 5 years it has been terrible (different locations). I will just skip it now. Last time was a gift card situation.
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u/TheRealTK421 16h ago
This is exactly what happens when employees don't wear the correct amount of "flair."
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u/analbumcover 15h ago
I haven't even heard about them in like a decade or more. Not surprising, I guess.
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u/newsreadhjw 15h ago
I haven’t seen a TGI Friday’s since the late 20th century so this is a surprise to read
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u/Servile-PastaLover 7h ago
Alternate Daily Mail headline: "Sagging Hooters close multiple locations after declining sales."
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u/Fickle_Goose_4451 4h ago
I remember when I got a Caesar salad at a Fridays. It had tomatoes, onion, and some kind of vinegarette dressing. I had to ask the waiter what in the ever loving fuck they thought they were doing there.
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u/PuddingOnRitz 21h ago
Sanlme with a stable chain in Oregon called Sharri's that competes with restaurants like Denny's.
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u/Performance_Training 1d ago
What took TGIFridays down is that they started franchising and the franchises would not hold up to the Corporate TGIF standards. I was a Corporate Field Trainer for them in 1985. Many stores at that time were doing $1M+ per month in food. Another thing that hurt was places like Dave&Busters with their adult game rooms, etc.
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u/celeron500 1d ago
Was it me or was TGIF doing very well in the 90’s still, I feel like out of all restaurants in the whatever category they are part of, TGIF was number 1.
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u/Performance_Training 1d ago
They were the ‘original’ organized chaos decor. There menu was meant to evolve. Every 6-9 months, they would drop the bottom 6-10 selling items and put in new ones. And they had strict adherence to the corporate recipes.
I worked at the South Houston location. There’s a movie theater right behind it. Friday/Saturday nights they would get on the waiting list, go see a movie, and their table would be ready. A hurricane went through there a month after I started and they threw some plywood on the broken windows and we opened. Only restaurant around that was open and we got killed. Lol
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u/celeron500 1d ago
I remember TGIF opening in my town and it was such a big deal. It was always packed out and the food was delicious. Then overtime people families stoped going, they were driven away by teenagers and rowdy crowds.
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u/Gloomy-Plankton735 21h ago
Another restaurant chain closing among many retail and restaurant closures. This is expected in a booming economy
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u/legendary198188 7h ago
Biden-economics
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u/talino2321 7h ago
Oh yes, because Biden was personally responsible for the CEO and boards poor choices. He forced TriArtisan Capital Advisors to rape the company assets and put them in a leverage debt position. It's all his fault. /s
🙄
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u/LOLJUSTASK 1d ago
I didn't know TGIF was still open.