Cincinnati, Ohio; Shenzhen, China: July 29, 2013: CUBD client Huafan Group and their Chairman Guo Shaoshan have signed an agreement with The Bistro Group, one of the USA’s largest franchisee of T.G.I. Friday’s® restaurants. While terms were not disclosed, the investment will boost local expansion as well as a planned national acquisition strategy. In addition, The Bistro Group and Huafan Group will partner to bring additional TGI Friday’s to China.
The Bistro Group, a T.G.I. Friday’s® Restaurant franchisee, was formed in 1989 by the Ruth & Robert Conway Family along with long time business partner and friend, Karl Davis. Their original acquisition has grown to 33 restaurants over the past 20 years. Today, The Bistro Group remains a family owned business employing more than 2,800 employees in the two restaurant divisions.