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Announced

Hostmore failed to acquire TGI Fridays from TriArtisan for £177m.

Synopsis

Hostmore, a UK hospitality business, failed to acquire TGI Fridays, a hospitality business that owns the American-themed casual dining brand "TGI Fridays" from TriArtisan, a private equity firm, for £177m ($221m). "I am pleased to announce that we are in advanced discussions with TGI Fridays on the terms of a proposed transaction, which would reunite two businesses that are a natural fit, and were one business until as recently as 2014," Stephen Welker, Hostmore Chairman.

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