12 additional TGI Fridays locations are closing down after 35 have already closed.

TGI Fridays, the popular American-themed diner restaurant chain, has recently announced the closure of 12 of its locations in the US. This comes after the company also closed nearly three dozen of its locations in the UK. The closures were part of the company's efforts to optimize and streamline its operations, in order to continue delivering on its brand promise.

The closures were not limited to one particular region, as TGI Fridays ended operations at several locations in the Northeast, including Clifton Park, Middletown, and Poughkeepsie in New York; Enfield in Connecticut; Allentown in Pennsylvania; and Leesburg in Virginia. In addition, earlier this month, the company also closed locations in Charlotte, North Carolina; Charleston, South Carolina; Saginaw Township, Michigan; Schererville, Indiana; Grand Chute, Wisconsin; and Edina and St Louis Park, Minnesota.

These closures were a result of Breal Capital and Calveton purchasing TGI Fridays, with the intention of saving 51 locations in the UK. However, 35 locations were not part of the sale and were closed immediately, leaving over 1,000 employees without jobs. This was a difficult decision for the company, but it was necessary in order to help strengthen its franchise model and drive its vision for the future.

TGI Fridays first opened in New York in 1965 and has since expanded to over 650 locations in 51 countries. While the US branch of the business still has 215 locations operating, it had planned to merge with Hostmore, which operates 89 TGI Fridays locations in the UK. Unfortunately, the deal did not go through.

The recent closures are not unique to TGI Fridays, as many businesses are struggling with inflation and customers cutting back on spending. In September, EMY Pizza L.P., one of the largest Pizza Hut franchises, announced that it was selling all 127 of its stores across five US states after failing to bounce back from bankruptcy.

While the closures may be a setback for TGI Fridays, the company remains committed to delivering on its brand promise and providing customers with a memorable dining experience. As the restructuring efforts continue, TGI Fridays is hopeful for the future and looks forward to welcoming customers to its remaining locations. To stay updated on the latest news from the capital, visit The Agency's London news hub.

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