All TGI Friday’s UK articles
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NewsTGI Fridays sold to global brand manager Sugarloaf
The transaction follows a 12-month ownership of the UK bar and casual dining chain by Calveton UK and Breal Capital, which acquired two-thirds of the business in a rescue deal
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NewsTGI Fridays relaunch leads to 10% surge in covers
The turnaround strategy has led to a ‘marked improvement’ in sales performance for the casual dining chain, a month after the ‘brand revival’ on 4 July
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InterviewsTGI Fridays: ‘We are really excited about what lies ahead’
No stranger to the struggles of the casual dining market, TGI Fridays is looking to stage a comeback by revamping its menus and service style and ensuring the brand is relevant to the next generation of customer, CEO Julie McEwan tells MCA.
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NewsTGI Fridays debuts first breakfast menu
The new ‘Rise & Dine’ range centres on American-style breakfast classics, designed to deliver on flavour while remaining accessible
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NewsTGI Fridays to relaunch brand in July after rescue deal
Simon Wilkinson, board director for TGI Fridays and the Evolv Collection said the turnaround effort, led by CEO Julie McEwan, is focused on reversing years of decline
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Analysis & InsightVeganuary pivots to a quality-first focus
New plant-based offerings adopt competing trends such as January health kicks and comforting winter indulgence, while serving up both veg-first dishes and plant-based meat substitutes
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NewsTGI Fridays files for bankruptcy protection
The Dallas-based company seeks to ‘ensure long-term viability’ of the dining brand after closing several branches this year
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NewsTGI Fridays shutters 50 US locations
TGI Fridays Inc is seeking emergency financing and insolvency protection after the collapse of a takeover deal with its UK franchise counterpart
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NewsTGI Fridays Inc seeking new financing
The American business is preparing to file for bankruptcy protection in the coming weeks, according to Bloomberg
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NewsBreal and Calveton acquired TGI’s for £9.55m
As a result of poor trading performance in 2024, Hostmore and Thursdays (UK) began to experience significant cash pressures, with administrators called in earlier this month
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NewsTGI Fridays administrators agree to pay staff wages
Some 1,000 staff who lost their jobs were initally told the business did “not have the funds available” to pay accrued holiday, final unpaid wages, tips or redundancy
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NewsBreal Capital and Calveton acquire TGI Fridays
The deal involves 51 restaurants and will secure the future of more than 2,000 jobs, and will see TGI Fridays continue to operate across the UK, with the group hopeful it may be able to secure further locations following discussions with the landlords
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NewsBreal Capital and Calveton close in on TGI Fridays deal
Sky News reports the deal, which could be completed today, is expected to include between 50 and 55 of the chain’s 87 sites and at least 2,000 of its more than 3,000-strong workforce
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Analysis & InsightQuick service: Why fast food franchising rules the roost
With convenient locations, good value for money and quick service, Simon Brooke hears how strong brands and their independent operator partners are sharing the spoils of the QSR boom
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NewsD&D London investors in talks to rescue TGI Fridays
Breal Capital and Calveton are in advanced negotiations to take on TGI Fridays’ British franchise, and are likely to take on around two-thirds of the 89-strong estate, Sky News reports
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NewsHostmore files for administration and suspends listing
The TGI Fridays operator said a sales process for its corporate stores remains ongoing, but Hostmore is unlikely to recover any value for its ownership
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NewsAdministrators ‘on standby’ at Hostmore
Restructuring experts at Teneo have been tasked with leading the search for potential buyers of TGI Fridays UK restaurants, The Telegraph reports
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NewsHostmore shares plunge 90%
The slump in shares means the company is valued at c£1.4m since it announced it has abandoned its takeover of the American TGI Fridays business
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NewsHostmore abandons acquisition of TGI Fridays
Hostmore has abandoned its reverse takeover of the American TGI Fridays business, with TGI Fridays in the UK expected to continue its operations under new ownership.
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OpinionThe outlook for hospitality M&A
The improvement in trading and financial performance over past months has increased the likelihood that we will see more M&A. Dominic Walsh explores the outlook for Oakman Group and Amber Taverns among others