Daily Newsletter

31 August 2023

Daily Newsletter

31 August 2023

TGI Fridays names Brandon Coleman as new CEO

Coleman previously worked as the company’s chief marketing officer.

Umesh Ellichipuram August 30 2023

Casual dining restaurant chain TGI Fridays has appointed Brandon Coleman III as its new chief executive officer (CEO).

The announcement was made by TriArtisan Capital Advisors board chairman and co-founder Rohit Manocha.

TriArtisan is one of the lead investors in the restaurant chain.

In May this year, TGI Fridays announced that its former CEO Ray Blanchette had decided to step down. At that time, Manocha was appointed as the interim chief executive.

Coleman joined the company in October 2022 as TGI Fridays’ US president and chief marketing officer (CMO), where he also led the domestic corporate and franchise stores.

In his new role, Coleman will lead the restaurant brand into a transformative next phase and position the brand as a growing market leader in the food and hospitality segment.

The company said the focus will be on brand expansion in domestic and overseas markets.

Coleman said: “I am incredibly proud to be named CEO of TGI Fridays and lead this incredible brand.

“TGI Fridays is entering a new era of growth and prominence that will build on our beloved tradition and the emotional connection of great food and drinks along with the fun and entertainment that only TGI Fridays can do.

“I thank Manocha, our board of directors and the team at TriArtisan Capital Advisors for their confidence in me and I am looking forward to working with our franchisees and our company-owned restaurants to lead TGI Fridays into a new chapter.”

Could the consumer industry be bolstered by the increased use of AI

The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. For the most part, these sectors will not play a significant role in creating and developing AI hardware or platforms, but will instead help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.

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