TGI Fridays CEO buys back U.K. stores in Sugarloaf deal

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. TGI Fridays’ remaining 49 locations in the U.K. have been sold back to the chain’s global management. Sugarloaf TGIF Management — founded by returning TGI Fridays CEO Ray Blanchette — purchased the stores as part of an ongoing plan to consolidate control of the struggling casual-dining chain, as first reported by Sky News.  The deal follows Blanchette's return to Fridays leadership as CEO in January, and one year af ...