TGI Fridays Ex-CEO To Lead Revival Bid
The Wall Street Journal|January 03, 2025
Ray Blanchette, the former chief executive of TGI Fridays, has been chosen as the manager of the bulk of the chain's restaurants globally, replacing a consulting firm that stepped in after the company defaulted on debt, according to people familiar with the matter.
Soma Biswas AND HEATHER HADDON
TGI Fridays Ex-CEO To Lead Revival Bid

Blanchette, who served as the company's CEO between 2018 and 2023 and currently owns seven TGI Fridays through his company Sugarloaf Hospitality, is expected to take over management of more than 400 of the company's franchised restaurants worldwide.

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