Overview

• Administrators are finalizing a sale that includes up to 55 of TGI Fridays' 87 UK restaurants.
• The deal could protect more than 2,000 jobs, though around 1,000 positions remain at risk.
• Hostmore, the parent company, had debts of £35 million and entered administration last month.
• Breal Capital and Calveton's acquisition will include existing leases and the TGI Fridays brand rights in the UK.
• The potential rescue comes after Hostmore's failed expansion and subsequent delisting from the stock exchange.