Heather Haddon

I think TGI Fridays is a lesson on both casual dining and how much joy it has brought to America and how good of a concept it has been, but how challenging it is to keep these vintage brands going in a new America. I mean, I think taste of change and younger people don't see going out to eat at all sometimes as what they want to do.

I think TGI Fridays is a lesson on both casual dining and how much joy it has brought to America and how good of a concept it has been, but how challenging it is to keep these vintage brands going in a new America. I mean, I think taste of change and younger people don't see going out to eat at all sometimes as what they want to do.

So I think we do see something emblematic in TGI Fridays and how consumers eat out differently than they used to.

So I think we do see something emblematic in TGI Fridays and how consumers eat out differently than they used to.

TGI Fridays is known for its bar, for its comfort food, for its appetizers, its stuffed potato skins, and a place to meet people, maybe have a happy hour after work, maybe bring your kids.

TGI Fridays is known for its bar, for its comfort food, for its appetizers, its stuffed potato skins, and a place to meet people, maybe have a happy hour after work, maybe bring your kids.

Yeah, so TGI Fridays is to some degree emblematic of a lot of casual dining restaurants right now we're going through, which is tough times. These vintage, historically very popular restaurants now just aren't popular like they were previously. And TGI Fridays is a particularly egregious example of that.

Yeah, so TGI Fridays is to some degree emblematic of a lot of casual dining restaurants right now we're going through, which is tough times. These vintage, historically very popular restaurants now just aren't popular like they were previously. And TGI Fridays is a particularly egregious example of that.

TGI Fridays is definitely not in a good place. It is not a happy, happy hour place right now.

TGI Fridays is definitely not in a good place. It is not a happy, happy hour place right now.

Well, one great thing about restaurants is they generate a lot of cash. So they have steady cash flows. And especially if they're managed well, there's money coming in and there's money coming to the company. And that is great for private equity and other investors.

Well, one great thing about restaurants is they generate a lot of cash. So they have steady cash flows. And especially if they're managed well, there's money coming in and there's money coming to the company. And that is great for private equity and other investors.

And also when these private equity firms came in, they really pushed to shift TGI Fridays from an ownership model of its restaurants to having franchisees run its restaurants. And that's really helpful for businesses the company in that it makes for this asset-light model.

And also when these private equity firms came in, they really pushed to shift TGI Fridays from an ownership model of its restaurants to having franchisees run its restaurants. And that's really helpful for businesses the company in that it makes for this asset-light model.

So the franchisees are taking on a lot of the potential reward and also risk of running these restaurants, and they pay royalties to the owners. So it helps... kind of reduce some of the risk and liability for the company that owns them and helps them to grow.

So the franchisees are taking on a lot of the potential reward and also risk of running these restaurants, and they pay royalties to the owners. So it helps... kind of reduce some of the risk and liability for the company that owns them and helps them to grow.

You know, hopefully these franchisees are invested in their restaurants and growing their restaurants and making them successful, and that benefits the parent company.

You know, hopefully these franchisees are invested in their restaurants and growing their restaurants and making them successful, and that benefits the parent company.

It's a combination of TJR Friday's own issues and also casual dining generally has really been struggling. And so they just couldn't rebuild in the way they had hoped. And from what I understand, there was friction between those CEOs and the board about correct approaches going forward. And here we are in bankruptcy.

It's a combination of TJR Friday's own issues and also casual dining generally has really been struggling. And so they just couldn't rebuild in the way they had hoped. And from what I understand, there was friction between those CEOs and the board about correct approaches going forward. And here we are in bankruptcy.

I think TGI Fridays is a lesson on both casual dining and how much joy it has brought to America and how good of a concept it has been, but how challenging it is to keep these vintage brands going in a new America. I mean, I think taste of change and younger people don't see going out to eat at all sometimes as what they want to do.

So I think we do see something emblematic in TGI Fridays and how consumers eat out differently than they used to.

TGI Fridays is known for its bar, for its comfort food, for its appetizers, its stuffed potato skins, and a place to meet people, maybe have a happy hour after work, maybe bring your kids.

Yeah, so TGI Fridays is to some degree emblematic of a lot of casual dining restaurants right now we're going through, which is tough times. These vintage, historically very popular restaurants now just aren't popular like they were previously. And TGI Fridays is a particularly egregious example of that.

TGI Fridays is definitely not in a good place. It is not a happy, happy hour place right now.

Well, one great thing about restaurants is they generate a lot of cash. So they have steady cash flows. And especially if they're managed well, there's money coming in and there's money coming to the company. And that is great for private equity and other investors.

And also when these private equity firms came in, they really pushed to shift TGI Fridays from an ownership model of its restaurants to having franchisees run its restaurants. And that's really helpful for businesses the company in that it makes for this asset-light model.

So the franchisees are taking on a lot of the potential reward and also risk of running these restaurants, and they pay royalties to the owners. So it helps... kind of reduce some of the risk and liability for the company that owns them and helps them to grow.

You know, hopefully these franchisees are invested in their restaurants and growing their restaurants and making them successful, and that benefits the parent company.

It's a combination of TJR Friday's own issues and also casual dining generally has really been struggling. And so they just couldn't rebuild in the way they had hoped. And from what I understand, there was friction between those CEOs and the board about correct approaches going forward. And here we are in bankruptcy.