All TGI Friday’s UK articles – Page 2
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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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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
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NewsHostmore sees further fall in like-for-likes
In a trading statement to accompany the group’s AGM today, the TGI Fridays operator reported a 3% decline in like-for-like sales for the 22 weeks to 4 June 2023 – down from -1% in the first 16 weeks.
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NewsHostmore appoints non-exec
The TGI Fridays operator has announced the appointment of Helena Feltham as an independent non-executive director
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Analysis & InsightTGI Fridays goes back to basics
As the once-trendy cocktail concept looks to reconnect with its New York roots, MCA considers whether this latest plan is enough rejuvenate the fatigued brand
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NewsHostmore looking to capitalise on heritage of TGI Fridays
The group is looking to drive sales in its core restaurant estate by tapping into the strong awareness of the TGI Fridays brand – which it is bringing back – as well as a focus on boosting drinks revenue
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NewsHostmore appoints McEwan as permanent CEO
Julie McEwan took up the post of interim CEO on 10 January 2023, after former CEO Robert Cook stepped down from the role.
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NewsHostmore reports significant loss for FY22
The group, which operates Fridays, 63rd+1st and Fridays and Go, recorded a loss of £91.9m for the 52 weeks to 1 January 2023, compared to a profit of £11m the prior year.
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NewsFridays rebuked as 'cynical' after axing staff meals
From the beginning of May, staff working 10 or more hours at the Hostmore brand will also no longer be able to claim a free meal
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NewsCTO departs Hostmore
Fridays chief technology officer Erica Livermore has departed after three years with the brand
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NewsFridays owner serves up alarm by delaying results
The company behind the Fridays restaurant chain has sparked concern among investors after delaying its annual results pending discussions with its banks, The Times reports
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NewsBurger King, Côte, and Fridays deploy carbon analytics platform
The operators have invested in Zero Carbon Services, a carbon analytics platform from nonprofit Zero Carbon Forum to deliver carbon and cost reductions