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PA Media<\/p>\nJemma CrewBusiness reporter<\/p>\n
PA Media<\/p>\n
TGI Fridays has closed 16 of its UK restaurants, putting 456 employees out of work.<\/p>\n
The American-inspired casual dining chain’s remaining 33 restaurants will continue to operate after the business was sold in a rescue deal.<\/p>\n
Interpath was appointed as administrator to Liberty Bar and Restaurant group, which managed the operations of TGI Fridays’ UK restaurants, on Tuesday.<\/p>\n
TGI Fridays’ business and assets were immediately sold to a company owned by Sugarloaf, the manager of the global TGI Fridays brand. Some 1,384 jobs were safeguarded in the deal, administrators said. <\/p>\n
Phil Broad, TGI Fridays’ Global President, said: “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.”<\/p>\n
Ryan Grant, managing director at Interpath and joint administrator, said: “We are pleased to have been able to secure this transaction which will see this well-known brand continue to trade across the UK. <\/p>\n
“While these have been difficult times for hospitality operators generally, this marks a pivotal step in TGI Fridays’ wider turnaround plan, putting in place stable foundations upon which it can begin to move forward.”<\/p>\n
The 16 TGI Fridays sites that closed immediately are:<\/b><\/p>\n
– Ashton Under Lyne, Greater Manchester<\/p>\n
– Doncaster, South Yorkshire<\/p>\n
– Staines, Surrey<\/p>\n
– Stevenage, Hertfordshire<\/p>\n
– Walsall, West Midlands<\/p>\n
– Bournemouth, Dorset<\/p>\n
– Telford, Shropshire<\/p>\n
– Reading, Berkshire<\/p>\n
– Coventry, Warwickshire<\/p>\n
– Edinburgh, Scotland<\/p>\n
– Crawley, West Sussex<\/p>\n
– Aberdeen Beach, Scotland<\/p>\n
– Nottingham, Nottinghamshire<\/p>\n
– Sheffield, South Yorkshire<\/p>\n
– Stratford, Greater London<\/p>\n
– Braintree, Essex<\/p>\n
Over summer 2025, casual and fast-food restaurants saw a 6% drop in customers<\/a> compared to the previous summer, according to research from Worldpanel by Numerator.<\/p>\n In December, trade body UKHospitality warned the hospitality sector could lose a further 100,000 workers as a result of the Autumn Budget.<\/p>\n The government has said it is “protecting pubs, restaurants and caf\u00e9s with the Budget’s \u00a34.3bn support package”.<\/p>\n