Overview
- Liberty Bar and Restaurant Group appointed Interpath’s Ryan Grant and Will Wright as joint administrators on 13 January.
- The business and assets were immediately sold to Sugarloaf TGIF Operations Limited in a pre-pack transaction.
- Thirty-three restaurants continue to trade under the new vehicle, with 1,384 employees transferred.
- Sixteen sites closed permanently with immediate effect, causing 456 redundancies; locations include Aberdeen Beach, Nottingham, Stratford and Sheffield.
- Administrators say supporting affected staff is a priority, while TGI Fridays’ global president signals a plan to reinvigorate the slimmed UK estate after earlier portfolio cuts.