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Morning Briefing for pub, restaurant and food wervice operators

Tue 5th Feb 2013 - Breaking News - TGI Friday’s to open six
TGI Friday’s to open six sites in 2013; reports 16 consecutive quarters of growth: TGI Friday’s is to open six new UK restaurants this year, creating more than 600 jobs and 25 new management positions. The next two openings will be in Leeds Trinity on 21 March and Glasgow Fort on 21 August with a further four openings confirmed for later in the year. The news of restaurant openings come at a time when the company is experiencing an outstanding period of sustained growth, currently running at 16 successive quarters. David Carroll, TGI Friday’s UK director of acquisitions and development, said: “2013 is on track to be one of our biggest years in the UK since Friday’s opened 27 years ago. Not only do we have six exciting new openings, we’re also focusing heavily on our CSR initiatives and continually supporting team-members pursue pursuits outside of work through our Friday’s Family Foundation. One of our main challenges this year will be sourcing passionate and enthusiastic team members for the new openings. With roles varying from bartenders and managers, through to chefs and shift leaders, we’re keen to hear from those that would like to start or progress their career with us.” The company saw a jump in pre-tax profit to £11,182,000 in the year to 25 December 2011 from £7,349,000 the year before. Turnover at the company rose from £105.3m to £123.9m. The work that Forrester and her team have done on re-energising the brand in the UK has influenced the evolution of the brand globally – there are 50 sites in the UK and almost 1,000 around the world. Forrester has won several industry awards for her role in revitalising TGI Friday’s after it was sold by Whitbread in 2007 to a consortium involving ABN AMRO Capital and Carlson Restaurants Worldwide for £70.4m. Last month, in recognition of TGI Friday’s progress in the UK, Forrester was invited to join the executive team of parent company Carlson Restaurants.

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