Mon 7th Oct 2024 - Future of TGI Fridays in the UK secured following successful sale of 51 restaurants to D&D owners Future of TGI Fridays in the UK secured following successful sale of 51 restaurants to D&D owners: The owners of D&D London have completed a deal to acquire TGI Fridays, securing more than 2,000 jobs. Breal Capital and Calveton, which acquired D&D London last year, have acquired the business through their Liberty Bar and Restaurant Group. The deal will see TGI Fridays continue to operate across the UK from 51 of its 87 restaurants. The company said it is also hopeful that it may be able to secure further locations following discussions with the landlords. Julie McEwan, Chief Executive of TGI Fridays UK, said: “TGI Fridays is a much-loved brand with a rich heritage. 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 look to the future with confidence that the TGI Fridays brand will continue to attract loyal and new guests. 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. We would like to thank our team and our loyal patrons for supporting us during this transition. We are proud to serve millions of customers across the UK and are committed to continuing to evolve our proposition and to give our guests a great value for money experience that keeps them coming back to enjoy TGI Fridays time and again.” A spokesperson for Breal and Calveton added: “We are delighted to be working with such an enthusiastic and committed management team to both modernise the business and capitalise on the heritage of this iconic brand.” Hostmore, the former parent company of TGI Fridays in the UK, filed for administration last month, blaming “a very challenging set of circumstances” for its collapse. The collapse of TGI Fridays’ UK parent came less than six months after it struck a deal to reverse the US restaurant business of the same name into London-listed Hostmore, in a deal has since been abandoned. The list of restaurants remaining open is as follows: Bluewater, Trafford Centre, Meadowhall, Aberdeen Union Square, Metrocentre, Basildon, Glasgow Fort, Milton Keynes Stadium, Braehead, Wembley, Birmingham NEC, Glasgow, Junction 27, Castleford, Lakeside Quay, Teesside, Bolton, Norwich, St Davids, Doncaster, Lakeside, Fareham, Liverpool One, Stevenage, White Rose, Cribbs Causeway, Rushden Lakes, Stoke on Trent, Southampton, Silverburn, Watford Central, Aberdeen Beach, Braintree, Bournemouth, Stratford, High Wycombe, Cheshire Oaks, Walsall, Milton Keynes, Sheffield, Nottingham, Edinburgh, Coventry, Ashton-Under-Lyne, Telford, The O2, Staines, Crawley, Reading, Cheadle and Leicester Square. Hostmore features in the Premium Club Turnover & Profits Blue Book, which features 978 companies. Hostmore’s turnover of £190,700,000 for the year ending 31 December 2023 is the 61st highest in the database. The Blue Book ranks companies by turnover, profit and profit conversion, listing directors’ earnings for the past five years. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or a supplier. The single subscription rate is £495 plus VAT for operators and £595 plus VAT for suppliers. Email kai.kirkman@propelinfo.com to sign up.