Franchise news

01.09.2010

Carlson acquires remaining 60 Percent Stake in 46 T.G.I. Friday's® restaurants in the United Kingdom from AAC

Carlson, a privately held global hospitality and travel company, has announced that it has acquired the remaining 60 percent stake in T.G.I. Friday's UK Holdings LTD from AAC Capital Partners, a leading Northern European mid-market buy-out firm, for USD 50 million.

According to the information provided, the acquisition is part of Carlson's strategy to invest more than USD 100 million to both acquire and fuel further growth of the Friday's® brand in the UK market over the next five years. 

"As a global hospitality company, our objective is to continue to grow our core hotel and restaurant brands, and the T.G.I. Friday's UK acquisition is a tremendous opportunity to expand in an established market that is familiar with our brand," said Hubert Joly, president, chief executive officer and director, Carlson. "We are confident that T.G.I. Friday's in the UK will continue to perform well for our company and our guests, and we believe the brand's strong momentum provides the potential for continued global expansion."

With more than 900 restaurants in 61 countries, T.G.I. Friday's offers, it says, ‘great food, innovative drinks and a unique experience filled with flair and a Thank God It's Friday's™ attitude’. Carlson Restaurants Worldwide Inc., the parent company of TGI Friday's Inc., is a privately held company owned by Minneapolis-based Carlson, a world leader in the hospitality and travel industries. As of July 2010, Carlson Restaurants Worldwide owns, operates, franchises or licenses more than 1,000 restaurants in 61 countries. (kbp)


T.G.I. Friday's (USA)

full service restaurants
» to the franchisor


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