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...
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
Edinburgh Fort Kinnaird
Enfield
Gateshead
Gloucester Quays
Halifax
Jersey
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Leeds Trinity
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Manchester Royal Exchange
Newcastle Eldon Square
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Sale
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Southampton West Quay South
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Sutton Coldfield
Swansea
Watford North Continue reading...
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