TGI Fridays to go public through UK franchisee owner merger
American casual dining chain TGI Fridays has announced plans to merge with UK franchisee Hostmore, ahead of listing on the London Stock Exchange under the ticker TGIF. The all-stock deal to take TGI Fridays public is valued at approximately $220 million. CNBC first reported. The restaurant’s domestic and international operations will remain headquartered in Dallas, […]
Picks for Friday’s Sweet 16 slate
Commercial Content 21+. This NCAA Tournament has been covered by general favorites at historic rates. If you can’t beat them… Midwest Region: 5th Gonzaga (+5.5) 1st Purdue It’s going to take more than the Grambling and Utah blowouts to make us forget the Purdue meltdown that happens every March. The Boilermakers, whose final six games […]
TGI Fridays abruptly closes 36 ‘underperforming’ restaurants
Casual dining chain TGI Fridays abruptly announced it would close 36 “underperforming” restaurants across the U.S., including five in New York, as part of its “continued growth strategy.” A photo on social media shows a sign on the door of a shuttered store: “We regret to inform you that Friday's has made the difficult decision […]