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Continued: Carlson selling TGI Fridays to two private investors

  • Article by: DAVID PHELPS , Star Tribune
  • Last update: May 20, 2014 - 8:28 PM

The very first TGI Fridays opened in New York in 1965 with the reputation as a singles bar. Carlson acquired the brand 10 years later.

Fridays, which is half franchise owned, did approximately $2.7 billion in total sales last year. Nearly 400 of the chain’s 934 locations are outside the United States, including some of its top performing units.

The Dallas-based Fridays chain also includes Fridays FrontRow Sports Grill and Fridays American Bar.

 

David Phelps • 612-673-7269





 

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  • More than 500 TGI Fridays restaurants, such as this one in Burnsville, are located within the United States. Nearly 400 others operate in other countries.

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  • About TGI Fridays

    Business: Among the first U.S. casual dining concept chains

    Founded: 1965, New York City

    Acquired: Carlson acquired the 12-restaurant chain in 1975 and it grew to 934 stores, nearly half of them outside the U.S.

    In the news: Carlson has reached a deal to sell TGI Fridays to Sentinel Capital Partners and TriArtisan Capital Partners. Terms were not disclosed.

    Global revenues: $2.7 billion

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