Dallas-based TGI Fridays is being acquired by its U.K. franchisee in a $220 million deal.
It’s a $220 million deal that could help breathe life back into the chain after closing 36 restaurants earlier this year.
The Dallas casual dining chain previously planned to go public in 2020 but was thwarted by the COVID-19 pandemic. The acquisition, valued at $220 million, is expected to close in the third quarter of 2024 and will prime the company for the future through increased scale efforts and more robust financial flexibility.“This is a terrific moment for our brand and it’s another step in our transformation that started a few months ago,” said Weldon Spangler, TGI Fridays CEO.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
$220 million in earmarks from the ‘Squad’ revealed in spending bills since 2023, watchdogResearchers at the watchdog group Open the Books found that since 2023, congressional funding packages have contained $220 million in earmarks from the 'Squad.'
Baca lebih lajut »
Crypto Markets Lose $220 Billion in 2 Days as Bitcoin Slumps Toward $63K (Market Watch)Crypto Blog
Baca lebih lajut »
TGI Fridays to go public through merger with its U.K. franchiseeThe new company will be publicly traded on the London Stock Exchange under the ticker 'TGIF.'
Baca lebih lajut »
Dallas College District 1 race: Dallas Morning News recommendsThe contested race for Dallas College Board of Trustees District 1 pits incumbent Catalina E. Garcia against longtime Dallas ISD trustee Edwin Flores. He gets...
Baca lebih lajut »
Dallas school shooting: Dallas ISD investigating how gun got into Wilmer-Hutchins HighWilmer-Hutchins High School has metal detectors and the district has a new policy this year that requires students to have a clear backpack. FOX 4 talked to an expert about the vulnerabilities at schools that could have let that happen.
Baca lebih lajut »
Dallas-Fort Worth weather: Flash flood warning to Dallas CountyThe National Weather Service has issued flash flood warnings in North Texas, including for parts of Dallas County and Collin County.
Baca lebih lajut »