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Tribune News Service
Tribune News Service
Business
Paul O'Donnell

TGI Fridays signs historic deal to expand chain to South and Southeast Asia

TGI Fridays TGI Friday Asia South and Dallas

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.

The casual restaurant company said Friday that it expects the 10-year deal with Singapore-based Universal Success Enterprises Ltd. to boost its annual revenue by $500 million.

Prasoon Mukherjee, chairman of Universal Success Enterprises, said in a statement that he’s thrilled to bring the established brand to South Asian consumers.

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