TGI Fridays UK parent files for administration
The brand is reportedly going to be sold for a third time.
Liberty Bar and Restaurant Group, the parent company of TGI Fridays UK, has filed a notice of intention to appoint administrators, signalling another challenge for the casual dining chain.
This follows a string of challenges trailing the brand. On 7 October 2024, Thursdays UK Limited, operating under the brand ‘TGI Fridays UK’, entered administration and Daniel Smith and Julian Heathcote of Teneo Financial Advisory Limited were appointed as Joint Administrators.
It was acquired by Breal Capital and Calveton UK, following the completion of a successful sale process.
In October this year, TGI Fridays was acquired by Sugarloaf. In November, a report from Sky News citing sources said the brand could potentially be sold for the third time.
In a report by BusinessLive, Phil Broad, President of TGI Fridays International Franchising, confirmed the notice of intent to appoint administrators.
“The Directors of TGI Fridays UK 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 UK,” Broad said in a statement.
Broad said that the brand will continue to operate during the holiday season.
