TGI Fridays refranchises 48 more restaurants

TGI Fridays refranchises 48 more restaurants

JIB Management buys units in Midwest

TGI Fridays has completed the sale of 48 more company-owned restaurants to JIB Management, Inc., as part of the casual-dining brand’s goal to refranchise nearly all of its restaurants by year-end.

Carrollton, Texas-based TGI Fridays said Monday that it sold Midwest restaurants, mostly in the Chicago, Detroit, Indianapolis and Minneapolis markets to JIB.

Financial terms of the deal were not disclosed, but Fridays said the agreement called for Freemont, Calif.-based JIB

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