Search
The Caterer

TGI Friday's plans £70m investment over four years

04 May 2011
TGI Friday's plans £70m investment over four years

TGI Friday's has planned a £70m investment into the UK over the next four years.

US owner Carlson, which took over the UK business last year, will use the funds to expand the number of sites, refurbish the restaurants and train staff.

Karen Forrester, UK managing director, told The Sunday Telegraph that the majority of the money will go on finding and opening new sites.

The brand currently operates from 49 restaurants in the UK, but the funding will take the chain up to 70.

However, she admitted there could be as many as 100 sites across the UK. With each restaurant employing approximately 100 people, this could mean as many as 5,000 jobs at the chain in coming years.

The funds will also be used to revive the brand. Forrester explained: "We would never want there to be a TGI Friday's on every corner. It is all about the experience."

TGI Friday's opened its 49th British site in Aberdeen last week and plans to open another two this year in the new Olympic retail park in East London and Manchester city centre.

TGI Friday's joins ALMR >>

Carlson buys TGI Friday's UK from AAC >>

Mitchells & Butlers exec poached by TGI Friday's >>

Women 1st's Top 100 Women in Hospitality and Leisure >>

By Gemma Rowbotham

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!