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TGI Fridays' Indian partner eyes funding to boost expansion
The US casual dining chain aims to launch smaller store formats across the country.
The joint venture partner of TGI Fridays’ India, Bistro Group, has decreased their stake and increased private equity funding to fuel the US casual dining chain’s expansion across the country.
According to a report by The Economic Times, they aim to launch more of TGI Fridays’ American Bar concept, a smaller format said to cater the changing consumer demands.
Bistro Group holds a 75% stake on TGI Fridays’ India.
