TGI Fridays' ex-CEO—who introduced sushi to a restaurant chain famous for potato skins and mozzarella sticks—will step up to oversee hundreds of locations post-bankruptcy [Fortune]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Fortune
TGI Fridays filed for chapter 11 bankruptcy in November, citing ongoing pandemic challenges. Former TGI Fridays CEO Ray Blanchette will have another shot at returning “that Friday feeling” to the beleaguered American-style food chain known for generous portions of potatoes, crispy bacon, and melted cheese alongside Long Island Iced Teas. Blanchette, who led the restaurant from 2018 to 2023, will step in with his company as new management for more than 400 TGI Fridays locations, the Wall Street Journal reported . He replaces FTI Consulting , which oversaw the company after it defaulted on its debt. Founder and CEO of Sugarhill Hospitality, Blanchette owns seven TGI Fridays. Blanchette's new role will occur in tandem with the chain gaining court approval to sell nine of its 39 corporate-owned locations for $34.9 million. TGI Fridays Franchisor, LLC, which owns and operates 39 TGI Friday locations, filed for Chapter 11 bankruptcy in November, citing pandemic-era challenges. The c
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FCN
Earnings
- 10/24/24 - Miss
FCN
Sec Filings
- 12/3/24 - Form 4
- 11/7/24 - Form SCHEDULE
- 10/28/24 - Form 8-K
- FCN's page on the SEC website