New TGI Fridays unit in Addison Texas Photo TGI Fridays

New TGI Fridays unit in Addison, Texas. Photo: TGI Fridays

TGI Fridays launches refranchising initiative

Casual-dining brand seeks to sell most of 247 company-owned U.S. units

TGI Fridays has launched a refranchising initiative for most of its 247 company-owned U.S. locations.

Carrollton, Texas-based Fridays, which was purchased this past summer by two private-equity groups, said it is selling company restaurants to speed up the reimaging and growth of the global casual-dining brand.

“Potential and current franchisees will be offered the opportunity to purchase groups of restaurants in exchange for a commitment to an accelerated timetable fo

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