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TGI Fridays: 4,500 jobs at risk as restaurant chain owners enter administration

  • TGI Fridays is trying to sell its 87 UK restaurants by the end of September to keep the brand alive and save about 4,500 jobs.
  • However, it is unclear if all locations can be saved, as some may be sold to other chains.
  • The company does not expect to recover meaningful value from the sale, while Hostmore shares have fallen over 90% and face delisting.
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BBC NewsBBC News

TGI Fridays' UK owner falls into administration

London-listed Hostmore has appointed Teneo as administrators to help it sell the restaurants.

·United Kingdom
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The IndependentThe Independent

Foodies react as long-standing restaurant chain enters administration

Fans of the chain mourned the prospect of never eating ‘Sesame Chicken’ dish again

·London, United Kingdom
Read Full Article
Daily MirrorDaily Mirror

TGI Fridays collapses into administration with 87 locations at risk

The American-inspired restaurant chain continues to stay open as normal while the administration process starts

·London, United Kingdom
Read Full Article
The SunThe Sun

Huge UK restaurant chain COLLAPSES into administration as 87 sites up for sale

A HUGE UK restaurant chain has collapsed into administration with 87 stores put up for sale.The future of TGI Fridays restaurants in the UK is in doub

·United Kingdom
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Liverpool EchoLiverpool Echo

TGI Fridays goes into administration with 87 restaurants at risk

The restaurant chain continues to stay open as normal while the administration process starts

·Liverpool, United Kingdom
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Wales OnlineWales Online

Four TGI Fridays branches in Wales at risk of closure as company falls into administration

The company is in the process of trying to sell the UK restaurants to new owners after the UK operator of the company fell into administration

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