TGI Fridays completes refranchising early

TGI Fridays completes refranchising early

Casual-dining operator finishes program six months ahead of schedule

TGI Fridays completed its refranchising initiative this week, ahead of its own schedule, leaving the chain with ownership of about 10 percent of domestic units, a company executive said.

Ricky Richardson, chief operating officer of Carrollton, Texas-based TGI Fridays, told Nation’s Restaurant News that a 49-unit deal completed earlier in the week with Coral Cables, Fla.-based Gold Coast Holdings Restaurants, a new franchisee, completed the refranchising program about six months

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