• Carlson sells TGI

Travel conglomerate Carlson is selling its TGI Fridays restaurant chain to a pair of investors, Sentinel Capital Partners and TriArtisan Capital Partners. The deal will give Carlson an estimated USD800-900m to deploy accelerating its hotel and travel businesses.

Carlson decided to explore a sale of the chain in late 2013, having acquired the brand in 1975 with just 12 restaurants. Through its Carlson Rezidor venture, the group has more than 1,340 hotels and ambitions to grow its global reach.
Read the full story here:

Share →