TGI Friday’s
Coverage of brand strategy, leadership changes, site performance, and menu direction from a long-standing player in the UK casual dining market. This section provides insight into how a legacy restaurant group evolves to meet shifting consumer expectations, tackle operational challenges, and compete across high streets and leisure destinations. Ideal for operators, franchisees, and food and beverage professionals tracking the branded dining space and its response to cost pressures, innovation, and guest experience trends.
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Mar- 2025 -17 MarchFeatures
Private equity in hospitality: a lifeline or a looming takeover?
French restaurant group Bistrot Pierre was the latest British chain to be acquired out of administration by a private equity firm, ensuring that 10 sites will continue to trade with exactly 394 jobs saved. Private equity investment in hospitality has become a growing force that offers a financial lifeline to…
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Jan- 2025 -30 JanuaryNews-In-Brief
Today’s news in brief – 30/01/25
TGI Fridays has closed its flagship venue in London’s Leicester Square, which opened in 2015 after a multi-million pound investment. The closure means that TGI’s now has no restaurant in Central London although it retains venues at the O2 Greenwich and Westfield Stratford. UKH has urged the chancellor to bring…
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30 JanuaryRestaurants
TGI Fridays closes Leicester Square flagship
TGI Fridays has confirmed that it has closed its flagship venue in London’s Leicester Square. The casual-dining restaurant had opened the landmark venue in 2015 following a multi-million pound investment. A spokesperson for TGI Fridays said: “Our Leicester Square restaurant closed earlier this month. This was a mutual planned closure…
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Oct- 2024 -8 OctoberNews-In-Brief
Today’s news in brief – 08/10/24
TGI Fridays has been acquired by D&D London owners Breal Capital and Calveton UK for an undisclosed sum. The sale, which is based on 51 restaurants, should secure the future of some 2,000 jobs across those sites. Breal Capital and Calveton are also hopeful that they may be able to…
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8 OctoberRestaurants
D&D London owners complete TGIF acquisition
TGI Fridays has been acquired by D&D London owners Breal Capital and Calveton UK through its acquisition vehicle Liberty Bar and Restaurant Group Limited for an undisclosed sum. The sale, which is based on 51 restaurants, should secure the future of more than 2,000 jobs across those restaurants. Breal Capital…
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7 OctoberNews-In-Brief
Today’s news in brief – 07/10/24
TGI Fridays is close to a rescue deal with D&D London owners Breal Capital and Calveton, as they could acquire the majority of the business as early as 7 October. Sky News has learnt that the rescue deal will salvage more than 2,000 jobs and an announcement is likely to…
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7 OctoberRestaurants
D&D London closes in on TGI Fridays rescue deal
TGI Fridays is close to a rescue deal with D&D London owners Breal Capital and Calveton as they could look to acquire the majority of the business as early as today (7 October 2024), according to Sky News. Sky News has learnt that the rescue deal will salvage more than…
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Sep- 2024 -24 SeptemberRestaurants
D&D London owners in talks over TGI Friday’s rescue deal
Breal Capital and Calveton, owners of D&D London, are reportedly in talks over a bid to rescue the UK operations TGI Friday’s, according to Sky News. TGI Friday’s UK parent company Hostmore fell into administration last week (19 September). Industry sources told Sky the deal was likely to see the…
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19 SeptemberNews
Today’s news in brief – 19/09/24
Hostmore has fallen into administration, endangering some 4,500 jobs. While a total of 87 TGI Fridays restaurants have been put up for sale, they will continue to operate as normal during the administration process. The news comes after Hostmore’s plans to acquire the US operator of TGI Fridays for £177m…
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19 SeptemberRestaurants
TGI Friday owner calls in administrators, 4,500 jobs at risk
Hostmore, the group behind TGI Fridays restaurants in the UK, has officially appointed administrators from Teneo Financial Advisors. A total of 87 TGI Fridays restaurants have been put up for sale, endangering some 4,500 jobs. Hostmore said it is hopeful that all UK-based restaurants sell to new owners by the…
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