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All TGI Friday’s UK articles
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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
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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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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