Carlson buys TGI Friday’s

By BigHospitality Writer

- Last updated on GMT

Related tags: T.g.i. friday's, Tgi

Whitbread has tied up its sale of TGI Friday's for £70.4million to Carlson Restaurants Worldwide. The US firm is likely to tweak the brand's target market to make it more accessible. The company has also announced a slight increase in ...

Whitbread has tied up its sale of TGI Friday's for £70.4million to Carlson Restaurants Worldwide. The US firm is likely to tweak the brand's target market to make it more accessible.

The company has also announced a slight increase in like-for-like sales in the first 50 weeks of its financial year to February 15. The pub restaurants, which include Brewers Fayre and Beefeater, saw like-for-like sales rise by 0.7 per cent and 2.6 per cent in total. Costa did better with like-for-like sales up 6.7 per cent and total sales up 22.1 per cent.

Alan Parker, Whitbread Chief Executive, said the pub restaurants "introduced broader menus with a wider range of price points and reduced discounts".

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