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Old 19-09-2024, 01:54 AM #1
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Default 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..................

Last edited by arista; 19-09-2024 at 01:55 AM.
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Old 14-01-2026, 05:31 PM #2
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[TGI Fridays to shut 16 UK restaurants
and axes 456 jobs after going into administration]

[As a result, 33 restaurants
will remain open and retain 1,384 jobs.
]


Ref ITV Business News

https://www.itv.com/news/2026-01-14/...istration-move
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Old 14-01-2026, 08:16 PM #3
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Love TGI Fridays, their steaks are beautiful. As is their purple rain. Expensive tho so don't go very often, usually birthdays
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Old Yesterday, 01:22 PM #4
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I feel like TGIs was super popular back in the day, but tastes have changed and the UK restaurant market has gotten far more sophisticated. The last time I went to TGIs is was some of the worst restaurant food I have ever eaten.
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Old Yesterday, 03:35 PM #5
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…my family always loved TGI Jack Daniel sauce for their steak, I found a copycat recipe and still make it from time to time…/..I like it with mashed potato…
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Old Yesterday, 03:37 PM #6
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Quote:
Originally Posted by Vicky. View Post
Love TGI Fridays, their steaks are beautiful. As is their purple rain. Expensive tho so don't go very often, usually birthdays
…I had to Google what Purple Rain was, I wasn’t aware of that …..
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