Overview
- Sugarloaf TGIF Management is preparing a pre-pack administration for the UK business, with a deal widely expected next week though the timetable could slip.
- Sources say 15–20 of the 49 restaurants are being considered for permanent closure, with the final number still under discussion.
- Hundreds of roles from a workforce of nearly 2,000 could be made redundant if the restructuring proceeds as reported.
- Interpath Advisory has been lined up to run the process, with two notices of intention to appoint the firm filed before Christmas.
- The chain changed hands two months ago and was put up for sale in November after prior turbulence that cut the estate from nearly 90 sites following a 2024 insolvency under Hostmore.