Exec Edge hosted a fireside chat at the ICR Conference 2026 with Ray Blanchette, Chief Executive Officer of TGI Fridays. The in-person interview was joined by Editor-in-Chief John Jannarone, and they discussed the strategic pillars to operate more than 1,000 locations and generate $2 billion in revenue by 2030, the brand’s expansion through flexible formats and multi-channel models like airports and hotels, TGI Fridays growth strategy in 2026, among other topics.
About Ray Blanchette
Ray Blanchette is an accomplished CEO and hospitality leader with more than 30 years of experience building and transforming some of the industry’s most recognized brands. As Founder and CEO of Sugarloaf Holdings, LLC, he leads TGI Fridays as CEO in addition to a growing portfolio of hospitality businesses dedicated to creating meaningful experiences, bringing people together, and supporting the communities they serve. Previously, Ray served as President and CEO of TGI Fridays, Ruby Tuesday, Au Bon Pain, and Ignite Restaurant Group, where he drove significant growth, executed successful turnarounds, and led an IPO that was 15x oversubscribed. Known for his vision, empathy, and ability to build high-performing teams, he has a proven track record of increasing brand value while championing diversity, inclusion, and innovation. Beyond his corporate leadership, Ray is the Founding Chairman of Dine Out for No Kid Hungry, which has raised over $200 million to fight childhood hunger, and is a Fellow of the Culinary Institute of America. He brings a unique perspective on leadership, transformation, and purpose-driven growth—making him a sought-after voice on building businesses that deliver both impact and performance.
About TGI Fridays
Founded in 1965 as the world’s first casual bar and grill, TGI Fridays® is where the world goes to celebrate. Operating nearly 400 restaurants in close to 40 countries, Fridays brings people together through its craveable American classics, legendary drinks and that unmistakable Fridays feeling – all brought to life by its rockstar teams. Whether it’s full-service dining or bold-format convenience, Fridays franchise-first approach, operational excellence, and brand power are built to scale.
READ MORE
IPO Edge NYSE Firesides Scheduled for Feb 3, March 20 & May 20
Register for our weekly newsletter HERE
Contact:
Click HERE to follow us on LinkedIn
