Overview
- Joint administrators Ryan Grant and Will Wright of Interpath were appointed on 13 January 2026 and immediately completed a sale to Sugarloaf TGIF Operations Limited.
- The transaction keeps 33 restaurants trading across the UK and transfers 1,384 staff to the new operator.
- Sixteen branches shut with immediate effect, resulting in 456 redundancies, and administrators say supporting affected employees is a priority.
- The deal was structured as a pre-pack administration to preserve viable sites under the brand’s global custodian, Sugarloaf.
- TGI Fridays leaders called the outcome a platform to reinvigorate the UK business after earlier rescue moves in 2024 and multiple filings in December.