Whitbread sells TGI Friday’s for £70.4m

Whitbread, the leisure group, is to sell its 45-strong TGI Friday’s restaurant business for a total of £70.4m.TGI Friday’s UK, a joint venture between Carlson Restaurants and ABN AMRO Capital, will buy the business and 30 of the sites, while the remaining 15 restaurants will be sold to British Land.British ...