TGI Fridays Owner Is Shopping The Chain Around

Law360, New York (November 22, 2013, 6:44 PM EST) -- Buoyed by the strengthening restaurant industry, Carlson Rezidor Hotel Group, the owner of TGI Fridays, announced on Friday that it is now reviewing the possible sale of the casual dining chain.

Carlson's board of directors has authorized a review of strategic alternatives for the hospitality giant, including a possible sale of its only restaurant business, according to a statement. Piper Jaffray has been hired to serve as the company's financial adviser.

“Capitalizing on Fridays’ strong marketplace momentum, the board has determined that this is the optimum...
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