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 toward increasing Black ownership in the national restaurant industry. Griffin's initiative aims to empower African American leaders in the economy, building upon the groundbreaking achievement of Nicholas Johnson, who became the first African American to own a national burger franchise with his 2021 acquisition of Fuddruckers.

This acquisition is not merely a business transaction; it's a powerful statement about economic empowerment and representation. G5ive Restaurant Group's bold strategy to acquire TGI Fridays, a brand currently navigating financial challenges including a recent Chapter 11 bankruptcy filing, demonstrates a commitment to revitalizing a well-known establishment while simultaneously creating opportunities for growth and leadership within the African American community. 

"The creation of G5ive Restaurant Group is more than just a business venture; it's a statement," said Griffin. "By pursuing the acquisition of TGI Fridays, we are actively working to increase Black ownership in major restaurant franchises, building upon the success of Nicholas Johnson and demonstrating the immense potential within the African American business community."

The G5ive Restaurant Group's acquisition of TGI Fridays will have a wide-ranging impact, fostering economic growth and providing valuable leadership roles for African Americans. This strategic move aims to not only revive a struggling brand but also to pave the way for increased representation and opportunity within the restaurant industry.

The G5ive Restaurant Group's plan includes:

• Revitalizing the TGI Friday's brand through innovative strategies and operational improvements.
• Creating numerous job opportunities across various levels of management and operations.
• Investing in community engagement programs to foster positive relationships with local communities.
• Implementing sustainable business practices to ensure long-term success and environmental responsibility.

This acquisition signifies a monumental step towards greater diversity and inclusion within the national restaurant landscape. It underscores the importance of supporting Black-owned businesses and fostering economic empowerment within the African American community. Join our ownership consortium in celebrating this achievement and supporting the future of G5ive Restaurant Group

Media Contact:
Cory Griffin
[email protected] 

SOURCE G5ive Restaurant Group