TGI Fridays' UK Operator Enters Administration, Risking 4,500 Jobs

Hostmore struggles with debt and losses as it seeks to sell 87 restaurants by end of September.

Hostmore, the UK operator of TGI Fridays, has entered administration, putting 4,500 jobs at risk.
The company is attempting to sell its 87 UK restaurants to new owners to keep the brand alive.
Hostmore's efforts to buy the US parent company for £177 million fell through, exacerbating financial woes.
The firm has suspended trading of its shares, which have plummeted by over 90%, and will be delisted.
The administration highlights broader challenges facing UK casual dining chains and high streets, including reduced footfall and the financial impact of the COVID-19 pandemic.