Ray Blanchette

Dallas — Ray Blanchette, chief executive officer of TGI Fridays, is stepping down. Rohit Manocha, chairman of the board and co-founder of TriArtisan Capital Advisors, will be assuming Blanchette’s responsibilities in the interim. The TGI Fridays executive team will report directly to Manocha. Blanchette led TGI Fridays for the past 5 years, managing the company through a successful turnaround that included both national and global growth as well as through the turbulent impacts around the COVID-19 pandemic. TriArtisan is the lead investor in TGI Fridays with extensive holdings in the …

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Dallas — TGI Fridays plans the development of 75 new restaurants throughout South and Southeast Asia over the next 10 years in partnership with Master Franchisor Universal Success Enterprises. The deal, which is expected to drive over $500 million in revenue for the U.S.-based company over 10 years, is the most significant development agreement to date for the brand. This latest development deal is core to TGI Fridays’ strategic global expansion strategy — as growth of the casual restaurant category internationally continues to thrive. The brand currently has 385 franchised …

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