All TGI Friday’s UK articles – Page 2
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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
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NewsTGI Fridays to transition to full franchised model
Hostmore is planning to transition into an “asset light” model with no corporate stores following the reserve takeover of the American TGI Fridays business
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Analysis & InsightTGI Fridays UK returns to the spirit of Americana
The US-founded restaurant chain has unveiled a brand new cohort of dishes for British diners, marking a refreshed focus on heritage, reeling in Gen Z, and trying its hand at the omnipresent smashburger trend
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NewsHostmore year-to-date LFL down 10%
The TGI Fridays operator is negotiating a finance package for its reverse takeover of its US parent company, which is on track to complete before the end of Q3 2024
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NewsHostmore hails transitional year and turnaround of business
The TGI Fridays operator made cost savings and narrowed its losses in 2023, though like-for-like sales were down 7% in Q1 2024
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NewsHostmore temporarily suspends listing
The TGI Fridays operator has requested its ordinary shares to be suspended from the London Stock Exchange, pending publication of its annual report
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InterviewsTGI Fridays deal ‘pretty huge win’ for both businesses
Speaking after an agreement was announced for Hostmore to acquire the US-based TGI Fridays in a reverse takeover, chairman Stephen Welker tells MCA how the business has not received due credit in the market for its turnaround
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OpinionWill reverse takeover give TGI that Friday feeling?
Dominic Walsh explores the background of the proposed Hostmore deal, and asks whether bulking up can arrest ailing consumer demand on both sides of the Atlantic
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NewsHostmore to acquire franchisor TGI Fridays US
The proposed reverse takeover would bring together the casual dining brand’s largest franchisee with its global franchisor for an enterprise value of £177m, with the combined group to be renamed TGI Fridays plc
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NewsHostmore makes progress in turnaround strategy
The group is continuing to engage existing and potential new lenders in the refinancing process, with December LFL trading up 4%
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NewsHostmore appoints CFO
Matthew Bibby, who had been serving as interim CFO since September, has been apointed permanent CFO
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InterviewsHostmore ‘well placed’ for remainder of 2023
While further disposals remain under review, the brand’s revised capital allocation policy, its stabilised leadership team, and cost efficiency programme are bearing fruit, CEO Julie McEwan tells MCA
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NewsHostmore reports progress on cost reductions
The TGI Fridays UK operator reported revenue of £93.6m for H1 2023, with cost reductions alongside operational and portfolio management reducing losses
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NewsTGI Fridays appoints people and culture director
Steph Williams joins the American-inspired restaurant chain from B&M Retail, where she spent 11 years as head of human resources.
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NewsHostmore CFO steps down
Alan Clark leaves following a difficult financial period for the TGI Fridays operator, where it posted losses of £91m and announced a series of cost reduction measures
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NewsTGI Fridays appoints COO
Richard Latham has been appointed chief operating officer, following a stint as national operations director and later interim COO for the chain
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NewsHostmore makes non-exec appointment
Célia Pronto joins the TGI Fridays operator as an independent non-executive director. She also becomes a member of the audit and risk, nominations and remunerations committees