Fri, 30 Jul 2010 | BUSINESS SALE
Popular restaurant chain TGI Friday's is set for UK expansion, after details of a recent British buyout promised an investment of more than £63 million in the business.
Hospitality company, Carlson – which already operated TGI in the US and worldwide – bought up the 60 per cent stake in the UK arm that it did not already own from private equity group AAC Capital Partners.
The deal was valued at £60 million. It is now thought that up to 16 new restaurants could be added to the 46 currently open across the country by 2015. It is part of a plan to expand the global portfolio by 160 within the next five years, to exceed 1,100.
Carlson's president and chief executive, Nick Shepherd, said the strengthening brand was very encouraging.
"We are very pleased with the performance by our UK business operations," he said. "We believe in the strength of the TGI Friday's brand, and are enthusiastic about our initiative to grow in the UK and in other key global markets."
First on the list of new branches include locations at Sheffield's Meadowhall shopping centre and London's O2 Arena, which are hoped to be opened by October. The expansion could create between 1,500 and 2,000 jobs.
A parcel delivery firm based in the North West had fallen into administration and ceased trading, with administrators now seeking to sell the company’s assets, including its fleet of vehicles and leasehold property. An auction of the vehicle fleet...
Prime coastal development opportunity with full planning permission is available for sale. Total site area approx. 0.88 acres (0.36 hectares). Full Planning Permission for 19 apartments across two blocks with basement parking. The deadline for off...
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.