UK Secures Rescue Deal, 1,000 Jobs Lost as 35 Restaurants Close

New owners Breal Capital and Calveton UK acquire 51 sites, preserving nearly 2,400 jobs amid a challenging period for the casual dining sector.

TGI Fridays' UK arm was sold to Breal Capital and Calveton UK after its previous operator went into administration.
While 51 restaurants were saved, 35 locations were closed immediately, resulting in 1,012 job losses.
Unite, the trade union, criticized the abrupt closures, stating staff were locked out with no notice or redundancy consultation.
Julie McEwan, TGI Fridays UK CEO, expressed optimism for the brand's future while acknowledging the impact on affected employees.
The new owners plan to modernize the business while retaining the brand's iconic heritage, aiming for future growth and stability.