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G5ive Restaurant Group Aims to Acquire TGI Fridays

G5ive Restaurant Group, led by entrepreneur Cory Griffin, plans to acquire TGI Fridays to increase Black ownership in the restaurant industry.
This acquisition follows TGI Fridays' recent Chapter 11 bankruptcy filing and focuses on revitalizing the brand.
The initiative aims to create job opportunities while promoting economic empowerment in the African American community.
Griffin stated that this move is a powerful statement about economic empowerment and representation for African Americans.

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2025 has already been a tumultuous year for the retail landscape. And, it seems like restaurant chains are not immune to the highs and lows of business. Two major restaurants, in particular, have been making headlines over the past few days. TGI Fridays, the struggling casual dining chain with 124 remaining locations throughout the U.S., may be resurfacing from bankruptcy thanks to a new intended acquisition by G5ive Restaurant Group. Meanwhile,…

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G5ive Restaurant Group Aims to Acquire TGI Fridays

BATON ROUGE, La., Feb. 17, 2025 /PRNewswire/ -- G5ive Restaurant Group, spearheaded by 30-year-old Louisiana Black entrepreneur Cory Griffin, is making headlines with its ambitious plan to acquire TGI Fridays through an ownership consortium. This move represents a significant step…

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G5ive Restaurant Group announces intent to acquire TGI Fridays

G5ive Restaurant Group, led by Louisiana-based Cory Griffin, has announced its intention to acquire TGI Fridays via an ownership consortium.The post G5ive Restaurant Group announces intent to acquire TGI Fridays appeared first on Verdict Food Service.

5 days ago

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