TGI Fridays
PE-OwnedTriArtisan Capital and Sentinel Capital's 2014 acquisition saddled the chain with debt. TGI Fridays lost 55% of its U.S. locations and 63% of sales from 2008 to 2023. A $375M securitization unraveled in 2024, stripping the company of its royalty stream. Filed Chapter 11 in November 2024.
Ownership Information
TGI Fridays is owned by TriArtisan Capital Advisors. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
TGI Fridays founded
Acquired by TriArtisan Capital Advisors for $890 million
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AZ (1)
Phoenix
7220 Main St
Phoenix, AZ 85001
555-223-8435
CO (1)
Denver
9085 Main St
Denver, CO 80201
555-190-2198
FL (1)
Orlando
1218 Main St
Orlando, FL 32801
555-834-6717
IL (1)
Chicago
2811 Main St
Chicago, IL 60601
555-138-2182
MA (2)
Boston
1473 Main St
Boston, MA 02101
555-872-8140
Boston
7684 Main St
Boston, MA 02101
555-777-5459
NC (1)
Raleigh
980 Main St
Raleigh, NC 27601
555-461-7259
NY (1)
New York
8726 Main St
New York, NY 10001
555-417-9298
PA (2)
Pittsburgh
2846 Main St
Pittsburgh, PA 15201
555-519-1426
Pittsburgh
1494 Main St
Pittsburgh, PA 15201
555-591-4498