TGI Fridays chain
The parent company of TGI Fridays recently announced that they are considering options for the restaurant chain. One such option is the sale of the chain which could bring a good return to Carlson, the owners of TGI Fridays. The comment that caught my attention from the company was:
"Fridays has slowly been refining its look in the past two years to bring it more up to date and to live up to its motto: “In here, it’s always Friday.”
Fridays also had become more family-oriented, and the refurbished look was intended to boost revenue by appealing to a younger, single clientele that tends to spend more money on drinks than on hamburgers.
Rautio said 63 Carlson-owned restaurants have gotten makeovers and that those locations are doing volumes that are about 10 percent above their competitors."
Wonder how that fits with the developer based conspiracy rumors I keep hearing?
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