Dallas-based TGI Fridays plans to go public through acquisition by U.K. franchisee

It’s a $220 million deal that could help breathe life back into the chain after closing 36 restaurants earlier this year.

The Dallas casual dining chain previously planned to go public in 2020 but was thwarted by the COVID-19 pandemic. The acquisition, valued at $220 million, is expected to close in the third quarter of 2024 and will prime the company for the future through increased scale efforts and more robust financial flexibility.“This is a terrific moment for our brand and it’s another step in our transformation that started a few months ago,” said Weldon Spangler, TGI Fridays CEO.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

dallasnews /  🏆 18. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Crypto Markets Lose $220 Billion in 2 Days as Bitcoin Slumps Toward $63K (Market Watch)Crypto Blog
Läs mer »

TGI Fridays to go public through merger with its U.K. franchiseeThe new company will be publicly traded on the London Stock Exchange under the ticker 'TGIF.'
Läs mer »