Press release
Kraft Heinz and TGI Fridays® Announce New Perpetual Licensing Deal to Sell TGI Fridays Branded Frozen Appetizers in Retail
The new licensing agreement replaces the prior limited duration arrangement with an exclusive perpetual license that allows Kraft Heinz to bring frozen
About this update from The Kraft Heinz Company
[{"type":"text","content":"\nThe new licensing agreement replaces the prior limited duration arrangement with an exclusive perpetual license that allows Kraft Heinz to bring frozen restaurant-quality appetizers and snacks to retail locations\n\n\n CHICAGO & PITTSBURGH & DALLAS--(BUSINESS WIRE)--\nToday, Kraft Heinz and TGI Fridays announced an exclusive, perpetual extension of their existing licensing deal where Kraft Heinz makes restaurant-inspired, TGI Fridays® branded frozen appetizers for retail across North America.\n\n\nKraft Heinz and TGI Fridays have had a successful licensing partnership since 2001. With the new perpetual licensing deal, which supersedes the most recent licensing deal signed in 2015, Kraft Heinz will continue to develop and sell delicious TGI Fridays frozen appetizers and snacks and look for innovative ways to improve the products with high-quality ingredients and new flavors and varieties.\n\n\nFor Kraft Heinz, Substantial Snacking is a priority product platform with strong growth potential, and Kraft Heinz is uniquely positioned in frozen appetizers and snacks with a strong supply chain and product portfolio.\n\n\n“The TGI Fridays brand is an important part of our frozen food portfolio and is a growth driver for our business across North America,” says Pedro Navio, North America Zone President at Kraft Heinz. “This new agreement aligns with our strategy to accelerate growth in categories where we can create more value for shoppers. We’re proud to offer restaurant-quality frozen appetizers and snacks under the TGI Fridays brand.”\n\n\nThe strength and success of the relationship over the last 23 years has been the strong collaboration between the parties to develop high-quality products that bring the flavors and atmosphere of a TGI Fridays restaurant into consumers’ kitchens. Looking ahead, Kraft Heinz and TGI Fridays will continue their focus on bringing new innovations into the market that are inspired by the restaurant experience.\n\n\n“As the world’s first casual bar and grill, TGI Fridays is a beloved and iconic global brand that’s known for innovative and craveable foods, especially our world-famous appetizers,\" said TGI Fridays Chief Executive Officer, Weldon Spangler. “This licensing agreement with Kraft Heinz will help extend that ‘Fridays Feeling’ to consumers at retail with TGI Fridays restaurant-quality frozen appe...