TGI Fridays secures rescue deal but more than 1,000 UK jobs lost

Private equity groups Calveton and Breal Capital to buy 51 restaurants, although 35 outlets will closeA rescue deal for the UK arm of TGI Fridays has been struck, with two private equity groups to buy 51 restaurants – although a further 35 outlets are to close with the loss of more than 1,000 jobs.Calveton UK and Breal Capital, which own upmarket restaurants including Le Pont de la Tour, Quaglino’s and Coq d’Argent, have bought 51 sites from the joint administrators Teneo, which will result in the transfer of 2,389 employees.BarnsleyBirminghamBracknellBrighton MarinaBristol Cabot CircusCardiff Newport RoadChelmsfordCheltenhamCroydonDerbyDundeeDurhamEdinburgh Fort KinnairdEnfieldGatesheadGloucester QuaysHalifaxJerseyLeedsLeeds TrinityLeicesterLincolnManchester Royal ExchangeNewcastle Eldon SquareNewportNorthamptonPrestwichRomfordSaleSolihullSouthampton West Quay SouthSpekeSutton ColdfieldSwanseaWatford North Continue reading...

WORLD Oct 8, 2024 0 Add to Reading List

TGI Fridays secures rescue deal but more than 1,000 UK jobs lost

Private equity groups Calveton and Breal Capital to buy 51 restaurants, although 35 outlets will close

A rescue deal for the UK arm of TGI Fridays has been struck, with two private equity groups to buy 51 restaurants – although a further 35 outlets are to close with the loss of more than 1,000 jobs.

Calveton UK and Breal Capital, which own upmarket restaurants including Le Pont de la Tour, Quaglino’s and Coq d’Argent, have bought 51 sites from the joint administrators Teneo, which will result in the transfer of 2,389 employees.

Barnsley

Birmingham

Bracknell

Brighton Marina

Bristol Cabot Circus

Cardiff Newport Road

Chelmsford

Cheltenham

Croydon

Derby

Dundee

Durham