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Olive Garden Replaces Bankrupt TGI Fridays in California

Darden Restaurants, the parent company behind Olive Garden, has applied for a liquor license at a former TGI Fridays location in Rosemead, California, a move that signals the Italian chain's expansion into space left behind by a bankrupt competitor. The application targets 3518 Rosemead Boulevard, inside Rosemead Plaza, a shopping center anchored by Target and Ross that draws steady foot traffic east of Los Angeles. TGI Fridays shut down at that…

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capitalisminstitute.org broke the news on Tuesday, August 25, 2026.
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