Hostmore, a UK hospitality business, offered 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.