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of <h1>Designation of master and exclusive franchisees granting territorial rights and joint development plan with phased outlet roll-out</h1> The press release primarily communicates franchising and contractual-allocation matters: (1) designation of Bistro Hospitality as the master franchisee for TGI Fridays in India and of Feastary Hospitality LLP as the exclusive franchisee for Northern India, which effectuates exclusive territorial franchise rights and the authority to grant/sub-franchise, operate and develop branded outlets within the specified jurisdictions; (2) a strategic partnership and phased expansion programme between the master franchisee and Feastary Hospitality LLP, which constitutes a commercial joint-development and operational arrangement obliging the parties to deploy a franchise-led roll-out, adhere to prescribed brand standards, and open additional outlets as part of the agreed growth plan.
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