New TGI Fridays unit in Addison Texas

New TGI Fridays unit in Addison, Texas

TGI Fridays sells 6 units in China to franchisee

Chaswood Resources Group to develop new restaurants

TGI Fridays has completed the sale of six restaurants in China to an existing Southeast Asia franchisee, as the casual-dining chain continues its refranchising efforts, the company said last week.

The Carrollton, Texas-based chain said it had sold the units, located in Beijing and Shanghai, to Chaswood Resources Group, which operates 20 TGI Fridays restaurants in Indonesia, Malaysia and Singapore. The deal was completed on April 20, the companies said.

As part of the d

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