CEO Talks About Reviving TGI Friday's Chain After 'Devastating' Bankruptcy

The CEO of TGI Fridays, Ray Blanchette, has explained the iconic restaurant chain's efforts to revive after a 'devastating" bankruptcy filing.

In a telephone interview with Men's Journal, Blanchette candidly outlined the strategies being deployed to rescue the struggling restaurant chain, which has 85 restaurants in 19 states throughout the U.S. today but had 600 restaurants at its height in 2008. The chain launched in 1965, so it is a historic brand.

The company has more than 460 restaurants in more than 40 countries...