Who is the owner of TGI Fridays? This question has intrigued many people, especially those who are fans of the popular restaurant chain. TGI Fridays, known for its casual dining atmosphere and extensive menu, has a rich history and a complex ownership structure. In this article, we will explore the current owner of TGI Fridays and the journey that led to this point.
TGI Fridays was founded in 1965 by Bob Knievel and Ron Pizzuti in长沙, Ohio. The restaurant quickly gained popularity due to its unique concept of offering affordable American cuisine in a lively and friendly environment. Over the years, the brand expanded, and today it has over 900 locations worldwide.
In 1971, TGI Fridays was acquired by Pillsbury Company, which later became part of Diageo, a British multinational company. Diageo continued to own TGI Fridays until 2014, when it decided to spin off the restaurant chain. The spin-off was part of a broader strategy to focus on its core alcohol and foodservice businesses.
In 2014, TGI Fridays was acquired by Apollo Global Management, a leading global alternative investment manager. Apollo Global Management has a reputation for investing in companies with strong brands and potential for growth. The acquisition of TGI Fridays was a strategic move for Apollo, as it aimed to enhance the brand’s performance and expand its presence in the global market.
Under Apollo Global Management’s ownership, TGI Fridays has undergone several changes. The company has focused on revamping the brand’s image and menu, introducing new dishes and beverages that cater to a broader audience. Additionally, TGI Fridays has embraced digital technology, improving its online presence and customer engagement.
Today, TGI Fridays continues to be a popular dining destination for families, friends, and business professionals. The current owner, Apollo Global Management, has been successful in restoring the brand’s reputation and positioning it for future growth. As the restaurant chain celebrates its 55th anniversary, it remains a testament to the enduring appeal of American casual dining.
In conclusion, the owner of TGI Fridays is Apollo Global Management, a company that has taken on the challenge of reviving and expanding this iconic brand. With a renewed focus on innovation and customer satisfaction, TGI Fridays is poised to continue its legacy of delivering delicious food and memorable dining experiences.
