Inventure Foods Inc. and TGI Friday's have agreed to terms on a new long-term licensing agreement.
Phoenix/PRNewswire -- Inventure Foods Inc. and TGI Friday's have agreed to terms on a new long-term licensing agreement that will result in further expansion of the TGI Friday's snack line to include new product categories and international distribution. The contract extends the licensing partnership through 2024. Detailed terms of the agreement have not been disclosed.
"TGI Friday's has been a valued partner of ours since we first began our licensing relationship in 2000. This new, expanded agreement is great news for fans of great tasting snacks," said Terry McDaniel, president and chief executive officer of Inventure Foods, Inc. "Our original licensing agreement allowed us to develop some of our top-selling snacks to date, yet this new agreement sets the stage for additional growth as it will result in great tasting new products, new product categories and expanded distribution across an international geographic footprint. This is a win for Inventure Foods, TGI Friday's and snack consumers around the world."