Famous Restaurant Chains That Are Now Closing Franchises

Published on 12/08/2020
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Starbucks

Perhaps the term ‘restaurant’ is not the word I recall when you think of Starbucks. Don’t forget, though the company offers coffee and other foods. Back in 2018, the coffee giant announced it will shut down 150 stores in the US to optimize its existing market. The shutdown rate for Starbucks is three times higher.

Starbucks

Starbucks

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T.G.I. Friday’s

The story of T.G.I is a sweet one on Friday. It was founded in New York City in 1965. The idea behind it was to construct a meeting and mingling room for younger people – in their 20’s and 30’s – in a cozy and relaxing atmosphere. Today, with that particular population, the chain is slowly becoming less common. The headquarters of Tallahassee, Staten Island, and Washington DC closed down branches in 2018 and 2019.

TGI Fridays

TGI Fridays

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