date:Nov 25, 2013
The parent company of TGI Fridays Restaurants said on Friday it is considering a potential sale of the casual bar-dining chain as part of a review of strategic alternatives.
The board of Carlson, a privately held U.S.-based hospitality and travel company, selected Piper Jaffray to serve as its financial adviser, the company said in a statement.
TGI Fridays had revenue of $2.7 billion last year. It operates more than 900 restaurants, including more than 500 in the United States and the rest in