Overview
- Joint administrators Ryan Grant and Will Wright of Interpath were appointed on January 13 and immediately sold the business and assets to Sugarloaf TGIF Operations Limited.
- Thirty-three restaurants will continue trading under the new ownership, securing 1,384 jobs.
- Sixteen sites shut with immediate effect, resulting in 456 redundancies, with closures including Aberdeen Beach, Nottingham, Sheffield, Doncaster, and others.
- Administrators said supporting affected employees is their priority as they wind down the non-transferring locations.
- Company leaders called the deal the best outcome for stabilising the UK operation, which has contracted from a peak of roughly 80–87 sites since first opening in 1986.