The development agreement is for 75 new restaurants over the next 10 years.
TGI Fridays signed a development agreement with a real estate firm to build 75 new restaurants over the next 10 years in South and Southeast Asia.Dallas-based TGI Fridays says it has an agreement with a real estate developer to build 75 new restaurants in South and Southeast Asia in what the restaurant chain describes as its biggest global deal to date.
Prasoon Mukherjee, chairman of Universal Success Enterprises, said in a statement that he’s thrilled to bring the established brand to South Asian consumers. The development deal is core to TGI Fridays’ planned expansion internationally, where the casual restaurant category continues to grow. TGI Fridays’ portfolio of 700 locations includes 385 franchised restaurants in 52 countries, including 22 locations opening this year.