TGI Friday's Reveals Plans To Increase Franchise Growth


May 16, 2007

The parent company of  T.G.I. Friday's and Pick Up Stix restaurants, Carlson Restaurants Worldwide Inc., recently announced plans to accelerate the development growth of its T.G.I. Friday's franchise partners within the United States, effective immediately.
To facilitate this aggressive growth strategy, the company announced the promotion of Thomas McCord to Senior Director of New Franchise Development. McCord will focus on recruiting new franchisees into the Friday's(R) restaurant system and will continue to support existing Friday's franchisees with their growth plans. McCord joined Carlson Restaurants Worldwide in 2005 and most recently held the position of director of franchise development. Prior to joining the company, McCord was a seven year development veteran with Yum Brand's Inc.

"Thomas will be responsible for accelerating the growth of our franchise community through the strategic recruitment of a broad base of candidates including diverse partners, management contract owners and joint venture capitalists," said Chris Devlin, senior vice president of development for Carlson Restaurants Worldwide. "Our plan is to accelerate our domestic growth to over 60 restaurants per year by 2010, including both company and franchise expansion. With this appointment and the addition of new prototypes and operating models, the T.G.I. Friday's system will create growth opportunities for current and new team members while broadening market presence."

Friday's is seeking franchisees with significant hospitality experience operating multiple (3+) restaurant locations and the ability and infrastructure to implement an aggressive growth strategy.