All TGI Friday’s UK articles – Page 3
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News
Hostmore reduces losses following year of growth
The operator of Fridays and 63rd + 1st saw strong like-for-like (lfl) growth last year, but in the eight weeks to 27 February 2022 lfl sales were down around 3% on 2019 levels
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News
New chairman at Hostmore
Neil Johnson is due to be replaced by Gavin Manson, following the group’s AGM in May
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News
Fridays appoints new COO
Fridays has named Julie McEwan, ex-Whitbread and Las Iguanas, as its new chief operating officer as the business embarks on its “ambitious growth plans”
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Analysis & Insight
Operators reluctant to pass cost pressure on to consumers
Despite the increasing cost of energy, labour and raw materials, hospitality operators have told MCA they are hesitant to dampen consumer demand by upping their prices
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Interviews
Fridays: ‘We are likely to exceed our openings target’
The popularity of the Fridays brand coupled with a strong covenant and balance sheet is enabling parent company Hostmore to snap up sites, chief executive Robert B Cook tells MCA.
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Interviews
‘Fridays and Go could be game changer’
Fridays and 63rd+1st CEO Robert Cook told MCA its new QSR concept had the potential to “grow legs and grow them fast”
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News
Fridays and Go ready for debut
Hostmore is gearing up to debut its first Fridays quick-service restaurant concept in the centre of Dundee, Scotland, with scope for another 30 if the concept is a success
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News
Hostmore sees December revenue down 8.3%
Despite continued uncertainty around Covid, the operator of Fridays and 63rd+1st said it was positive about the future, with its first QSR format site to open in March and many other sites in the pipeline
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News
Hostmore to increase rate of expansion
In its first update since listing on the London Stock Exchange, the operator of Fridays and 63rd+1st said it had lined up five further sites across the two brands, as EBITDA exceeds 2019 levels.
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Opinion
Dominic Walsh: Fridays and more
TGI Fridays – or Fridays as it has now become – has evolved significantly under current CEO Robert Cook, acknowledges Dominic Walsh, with further concepts and deals on the horizon
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News
Fridays and Go to launch in Q1
Fridays operator Hostmore will test and trial the premium offering in Scotland, CEO Robert B Cook told investors
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Analysis & Insight
Hostmore offers prospect of ‘significant payoff’
Newly-listed hospitality operator Hostmore is well placed to take advantage of the growth opportunities from the fallout of Covid-19, believes Edison.
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News
Hostmore admitted to LSE
CEO Robert B. Cook said the listing would enable the business to add individual sites and acquire appropriate smaller brands
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News
Fridays will be on investors’ minds
MCA explores the likely prospects for Hostmore, the company behind the Fridays brand, as it prepares for a public listing
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News
Fridays’ parent company Hostmore to list in November
Hostmore reiterates its intention to demerge from Electra Private Equity and begin trading as an independent listed company
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News
Fridays on track with IPO
Electra Private Equity, the backer Fridays and 63rd+1st, has said it is on track to float the brands on London Stock Exchange in the fourth quarter of this year.
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News
Electra names new parent company for hospitality brands
Electra Private Equity has announced that Hostmore plc is the name of the new parent company for its hospitality brands TGI Fridays and 63rd+1st.
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News
Electra plans to demerge Fridays onto FTSE
Fridays’ backer Electra Private Equity has said it plans to list the business on the FTSE Main Market late in the third quarter of this year.
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Interviews
Fridays: ‘We would consider QSR and drive-thru formats’
The resilience of the Fridays brand and its success in new formats during the pandemic has encouraged chief executive Robert Cook to explore other options for growth, he told MCA.
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Interviews
Robert Cook: ‘Our blueprint has got to change’
The basic blueprint for Fridays’ expansion has got to change, chief executive Robert Cook told listeners to MCA’s The Conversation this week.