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TGI Fridays has shut down 16 of its UK locations, resulting in 456 job losses. The chain, known for its American-style casual dining, will continue to operate its remaining 33 restaurants following a rescue deal. This arrangement came about after Interpath was appointed administrator for Liberty Bar and Restaurant Group, the company responsible for managing the UK restaurants, earlier this week.
Following the administration appointment, the business and assets of TGI Fridays were sold to a company owned by Sugarloaf, the global brand manager for TGI Fridays. The administrators confirmed that approximately 1,384 jobs were preserved through this transaction. This purchase aims to provide stability and a foundation for future growth of the brand within the UK.
Phil Broad, the Global President of TGI Fridays, expressed optimism about the outcome: “We have been working closely to explore all available options for securing the long-term future of TGI Fridays in the UK, and believe that this is the best outcome for the business, preserves jobs, and offers a strong platform for success and growth.” Meanwhile, Ryan Grant, managing director of Interpath and joint administrator, emphasized that the deal is a key element in the brand’s recovery strategy, noting that it establishes firm foundations amid challenging times for the hospitality industry.
The 16 closed sites include locations in Ashton Under Lyne, Doncaster, Staines, Stevenage, Walsall, Bournemouth, Telford, Reading, Coventry, Edinburgh, Crawley, Aberdeen Beach, Nottingham, Sheffield, Stratford, and Braintree. The wider hospitality sector has been under pressure, with casual and fast-food restaurants experiencing a 6% drop in customer numbers during the summer of 2025 compared to the previous year, according to research by Worldpanel from Numerator. Trade body UKHospitality has warned of potential job losses exceeding 100,000 as a consequence of recent economic measures, despite government efforts to support the sector through a £4.3 billion package. Notably, other chains like Leon and DC London Pie, Pizza Hut’s UK operator, have recently announced closures and significant job cuts due to similar financial pressures
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