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TGI Fridays plans to revamp its bars as it prepares to go public again

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People outside a TGI Fridays in Dublin city center. On Friday, March 15, 2019, in Dublin, Ireland.

Artur Widak | NurPhoto | Getty Images

T.G.I. Fridays, which is known for being the original singles bar, is planning to revamp its bar business as the company prepares to be publicly traded again for the first time in decades.

“For us, this year, we’re finishing up a pilot of tests that are showing very encouraging results to relaunch the T.G.I. Fridays bar,” CEO Ray Blanchette said at the ICR Conference in Orlando, Florida, on Monday.

About 30% of Fridays’ $2.1 billion in systemwide sales come from its bar. But like many in the casual dining industry, the chain has seen fewer customers…



Source cnbc.com

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