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TGI FRIDAY’S IN BUYOUT DEAL
Restaurant chain TGI Friday’s is poised for UK expansion after hospitality group Carlson bought out its British partner for £60m. Carlson, which already operates TGI in the US and across the globe, bought the 60 per stake it did not already own from private equity group AAC Capital Partners. Carlson said it is investing $100m (£63.9m) in the UK business.