Skip to main content

The unrest in Israel has unnerved New York-based restaurant chain T.G.I. Friday, Ma'ariv reports. The T.G.I. chain is owned by Carlson Companies, a privately-held organization with sales of $20 billion a year. Carlson also owns and operates hotel and travel services including Carlson Wagonlit Travel, Carlson Marketing Group, Hotels International, Radisson Hotels & Resorts, Radisson Seven Seas Cruises, Country Inns & Suites, and the T.G.I. Friday's restaurants. T.G.I. had signed agreements to commence operations in Israel in 1996, the same year that it opened branches in the United Arab Emirates and Kuwait. In 1997 the chain agreed to open three locations in Pakistan. Although five years have passed since the Israeli agreement was first signed, the chain only announced today that it would be unable to proceed with the deal. The first T.G.I. restaurant was to have been opened in central Israel's Ra'anana shopping mall. Several other franchises were to have been established throughout the country. T.G.I. is a family restaurant chain first established in New York. The chain runs 609 T.G.I. restaurants operating in 52 countries.

Scroll to Continue

TheStreet Recommends