The first T.G.I. Friday's restaurant with its American bistro menu has opened in Japan. Located in the Shibuya area of Tokyo near other popular U.S. brands, the casual dining restaurant has seating for 215 guests and will employ some 120 people. It is run by licensed franchisee T.G.I. FRIDAY'S JAPAN, INC., a joint venture between the Dallas company of the same name, which is a subsidiary of CARLSON RESTAURANTS WORLDWIDE INC., and WATAMI FOOD SYSTEMS CO., LTD. (see Japan-U.S. Business Report No. 352, January 1999, p. 16).
An exchange rate of ¥113=$1.00 was used in this report.aaaaaa