Iowa's TGI Fridays sells 92 corporate locations to franchisees, reflecting industry challenges.

Iowa's TGI Fridays is transitioning to a franchising model by selling 92 corporate-owned locations to franchisees, following the abandonment of a merger with its UK operator, Hostmore, which will sell 87 of its own stores. This shift reflects challenges in the restaurant industry, where many establishments struggle to succeed. Franchisees will pay fees and must adhere to corporate guidelines despite the ownership change.