Carlson, the Minneapolis-based parent company of the TGI Fridays casual-dining chain, said late Friday it is undertaking a corporate review of strategic alternatives, including a possible sale of the restaurant brand. The nearly 50-year-old Fridays operates about 920 restaurants in more than 60 countries and is known for, among other things, the invention of the Long Island Iced Tea and popularizing “happy hour” promotions. The chain led a category-wide trend toward smaller ...

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