Carlson buys remaining stake in U.K. Friday's

Carlson, a hospitality and travel company that is parent to Carlson Restaurants, has acquired the remaining 60-percent stake in T.G.I. Friday’s UK Holdings Ltd., which operates 46 locations, for $50 million.

The Minneapolis-based company said Thursday it purchased the stake from joint-venture partner and Northern European buyout firm AAC Capital Partners. The acquisition is part of Carlson’s strategy to invest more than $100 million to both acquire and grow the Friday's bra