TGI Fridays' UK owner falls into administration
 

The USA will not save them.



[The UK operator of TGI Fridays has gone
into administration, putting 4,500 jobs at risk.
A total of 87 of the chain's restaurants
have been put up for sale as
owner Hostmore, a hospitality company,
struggles with debt and heavy losses.

It hopes to complete a sale by the end
of September, which would keep the
brand running and help to secure jobs.

Hostmore said the American-inspired chain
"continues to operate normally and
all existing stores remain open".
Earlier this month, Hostmore said the sales
process was in an "advanced stage",
but added it was unlikely to "recover
any meaningful value" its assets.

It said the leading bids were for less
than the firm's debt, suggesting it would
be out of pocket if a sale is completed.]


https://www.bbc.co.uk/news/articles/czrm7z5n0y1o


Who would buy that?


They should sell their Burgers
at Half Price..................