The company behind TGI Fridays in the 海角视频 has filed a notice of intention to appoint administrators – but says all its restaurants will stay open over Christmas as bosses bid to protect the brand.
It’s the latest in a turbulent period for the well-known dining chain, which has almost 50 海角视频 restaurants. Its owners say they are trying to secure the brand’s future in the 海角视频 and say “the priority is to protect TGI Fridays employees and its restaurants.”
American chain TGI Fridays moved into the 海角视频 in the 1980s and has restaurants across the country from Aberdeen to Bournemouth.
READ MORE: {}
In 2024, to buy the 海角视频 arm of TGI Fridays from administration. The deal saved dozens of restaurants, though another 36 that were not part of the deal were closed.
Early in November, Sky News reported that Sugarloaf TGIF Management, a business led by former TGI Fridays CEO Ray Blanchette, in a move that would preserve its remaining 49 restaurants and 2,000 jobs.
But weeks later Sky News reported that to consider options for the business, even including a potential sale. Sky reported that Interpath .
Now Liberty Bar and Restaurant Group, the company behind TGI Fridays in the 海角视频, , a legal step which will pause any action by creditors and give directors time to consider their options.
Phil Broad, President TGI Fridays International Franchising, told BusinessLive: “The Directors of TGI Fridays 海角视频 can confirm that a notice of intent to appoint administrators was filed with the court. This step brings the new owners, who assumed control last month, closer to securing and strengthening the long-term future of TGI Fridays in the 海角视频.
Most Read
“The priority is to protect TGI Fridays employees and its restaurants, and we want to express gratitude to all stakeholders for their patience during this process. We also want to reassure guests that all locations remain open throughout the holiday period, delivering the welcoming, celebratory experience that TGI Fridays is known for.”
The first TGI Fridays was opened in New York in 1965 by Alan Stillman. Its first 海角视频 restaurant
The company became as well known for its cocktails as its food. It even for his bartending role in the 1988 movie Cocktail.
There is a propeller mounted above the bar in every TGI Fridays. The company’s : “It is said that the bar was the start-up of the TGI Fridays engine. It was what made us famous and propelled us to success. On opening day any visiting VIPs sign a dollar bill and tape it to the propeller as a symbol of good luck.”
In June, TGI Fridays as part of what it called its "ultimate comeback campaign". Just last month , including a Triple Stacked Jingle Bell Burger.