Latest news with #Fridays
Yahoo
20-05-2025
- Business
- Yahoo
Levi Sells Dockers For $311 million, Eyeing Core Growth
Levi Strauss (NYSE:LEVI) pivots by selling its Dockers brand to Authentic Brand Group for an initial $311 million, with an $80 million earnout that could lift the total to $391 million. Warning! GuruFocus has detected 3 Warning Sign with LEVI. Dockers, launched in 1986 and known for its khaki Casual Fridays legacy, generated about $151.6 million in revenue last year. CEO Michelle Gass said the deal aligns our portfolio with our strategic prioritiesdirect-to-consumer, international expansion, and women's and denim lifestyle growth and represents a value-maximizing outcome after a robust process. The sale covers U.S. and Canada operations by July 31, 2025, with the rest completing by January 31, 2026, and includes a transition-services period. This move follows Levi's sale of 51% of its Altera stake to Silver Lake and underscores a broader strategy to shed non-core assets and redirect capital toward higher-margin segments. By offloading Dockers, Levi can reallocate management focus and investment into its fastest-growing channels. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Metro
15-05-2025
- Business
- Metro
TGI Fridays overhauls menu in comeback attempt after closing dozens of locations
The popular American casual dining chain TGI Fridays is giving its menu a makeover in an attempt to bounce back from bankruptcy and restaurant closures. TGI Fridays on Tuesday announced it is revamping 85% of its menu as part of its 'ongoing comeback story' as it pushes to keep the doors of its 89 remaining locations in the US open. The chain filed for bankruptcy in November and has shuttered more than a 100 locations over the past year. A TGI Fridays spokesperson said they 'took a hard look' at their existing menu and upgraded ingredients and cooking techniques to boost consistency and speed. TGI Fridays' CEO since April, Ray Blanchette, said it's 'just the beginning' of the chain's overhaul. 'Fridays has a legacy worth celebrating, and we're leaning into that,' Blanchette told on Tuesday. 'We leveled up the flavor on our Mozzarella Sticks, along with nearly the entire menu. Longtime fans will see familiar favorites made better, and first-time guests will get a fresh take on what makes Fridays special.' Some items will disappear from the menu to make way for the new additions. ' TGI Fridays is reworking its mozzarella sticks, which it helped make popular in the 1980s. They will now come sauced with three flavors: RedHot Buffalo, Garlic Parmesan and the Whiskey Glaze only. More Trending Other new items include the Big Queso Energy Burger, Loaded Tots and the TGI Sauce that is 'creamy and tangy with a sweet-smoky kick'. The chain is also debuting seven drinks including the The eL.I.T.e, Jack's New Fashioned, Fri-Yay Rita, Turbo Toro, Tito's Thunderbolt, The Late Checkout and Strawberry Henny. TGI Fridays had 270 restaurants in America at the start of 2024, and had 164 left when it filed for bankruptcy near the end of the year. In its heyday in 2008, the chain had 600 locations. The remaining locations are run by franchisees with an 'advisory board empowering and shaping brand-wide decisions', TGI Fridays stated in earlier this year. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Students busted for bizarre TikTok 'Chromebook Challenge' to insert objects in laptops MORE: Urgent recall of soups, rice and porridge mixes over 'life-threatening' risk in US MORE: History of Air Force One as Trump eyes accepting $400,000,000 Qatari plane
Bahrain News Gazette
25-04-2025
- Business
- Bahrain News Gazette
TGI Fridays Appoints Phil Broad as President of International Franchising
Veteran F&B Leader to Drive Global Growth and Brand Innovation Across 40+ Countries DALLAS, April 25, 2025 (GLOBE NEWSWIRE) — TGI Fridays , the iconic global brand known for bringing bold food, vibrant energy, and American-style hospitality to over 41 countries, is proud to announce the appointment of Phil Broad as President of TGI Fridays International Franchising . Based in Dubai, Broad will oversee the brand's international operations and franchise partnerships, with a focus on accelerating global growth and delivering exceptional guest experiences worldwide. Broad served as Managing Director of TGI Fridays UK from 1997 to 2000. In addition to his deep understanding of the brand, he has over 30 years of global leadership experience in the food and beverage, hospitality and retail sectors. Throughout his career, he has consistently demonstrated the ability to drive strategic transformation, unlock new markets and deliver high-performance results in culturally diverse and dynamic environments. 'Phil's return to the Fridays family comes at a pivotal time for our global brand,' said Ray Blanchette, TGI Fridays CEO. 'His proven ability to lead brand expansion, strengthen franchisee relationships, and elevate the guest experience makes him the right person to shape the next chapter of our international business.' Before rejoining Fridays, Broad served as Senior Vice President of Food & Beverage at Alghanim Industries, where he led a portfolio of more than 270 restaurants across the Gulf Cooperation Council (GCC). During his tenure, he introduced Slim Chickens to the Middle East, redefined the Costa Coffee brand in Saudi Arabia through a partnership with the Saudi Coffee Company and oversaw the rapid expansion of Wendy's in the region. His leadership earned him multiple honors, including the Growth Mindset Award from Wendy's International and Franchisee of the Year for both Costa Coffee and Wendy's. Earlier in his career, Broad held senior roles at IHG, Jumeirah Restaurants and Starbucks UK & Ireland, where he led operations for hundreds of locations and launched innovative programs, including the Starbucks Card and the brand's first UK drive-thru. While leading TGI Fridays UK, he was named International Operator of the Year. Broad's appointment comes at a time of exciting momentum for TGI Fridays, which is currently in a transformational growth phase with nearly 300 international locations and a robust development pipeline. 'I'm honored to return to where my passion for international growth began,' said Broad. 'Fridays is a truly iconic global brand with untapped potential, and I look forward to working with our incredible franchise partners to take it to new heights around the world.' Broad holds certifications in franchise and hospitality management and has completed multiple executive leadership programs. He will report directly to Ray Blanchette. About TGI Fridays As the world's first casual bar and grill, TGI Fridays is the birthplace of flair, freedom and celebration, bringing people together to socialize and experience 'That Fridays Feeling ,' a sense of celebrating the fun in everyday moments, big and small. For 60 years, Fridays has been lifting spirits around the world, currently with 391 restaurants in 41 countries serving high-quality, classic American food and iconic drinks backed by authentic and genuine service. Visit for more information and join Fridays Rewards.® Follow us on Facebook, Instagram and TikTok. TGI Fridays Media Contact: Leigh Villegas +1 229-220-9660 Email: [email protected] A photo accompanying this announcement is available at GlobeNewswire Distribution ID 9438858
CBC
08-04-2025
- Business
- CBC
P.E.I. college program producing steady stream of wind-turbine technicians for growing sector
Holland College will graduate its latest class of 11 wind-turbine technicians this month, and predicts most of them will land good jobs soon after because the industry is booming. The P.E.I. graduates get hands-on experience over the nine-month training program. Nancy Russell and drone operator Aaron Adetuyi caught up with the class at one of their last 'Turbine Fridays.'
