More than 1,000 staff at TGI Fridays have been made redundant with the immediate closure of 35 restaurants following a rescue deal to acquire 51 sites, administrators for the group said
Breal Capital and Calveton UK have acquired 51 restaurants after the group’s previous operator fell into administration
Those staying open in our region are listed as being at the Trafford Centre, Cheadle, Ashton under Lyne and Bolton but it appears that the both the outlets at Manchester Royal Exchange and at Sale are closing on
Julie McEwan, chief executive of TGI Fridays UK, said: “The news today marks the start of a positive future for our business following a very challenging period for the casual dining sector as a whole.
“We are devastated for our colleagues who will be leaving TGIs and thank them for their loyalty and contribution during their time with us.
“We are doing everything possible to retain our team and support those impacted.”
Daniel Smith, senior managing director of Teneo, said the acquisition “preserves a significant proportion of jobs and will hopefully provide the business with the stability and support it needs to recover and grow”.
