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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Sep- 2024 -9 SeptemberRestaurants
Hostmore abandons bid to acquire TGIF
Hostmore has abandoned its plans to acquire TGI Fridays over legal issues. The news comes after the board confirmed that TGI Fridays lost control of TGIF Funding, which holds legal title to the franchise agreement royalties and other various fees and revenue from intellectual property of the TGI Fridays business. …
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Jun- 2024 -4 JuneRestaurants
Hostmore year-to-date LFL sales fall 10%
Hostomer has revealed that year-to-date like-for-like sales were 10% lower than during the same 20-week period in 2023. This comes despite the group’s EBITDA continuing to perform ahead of last year during the period to 19 May, with the first four months to the end of April being higher by…
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Apr- 2024 -16 AprilNews
Today’s news in brief – 16/04/24
Hostmore will be acquiring TGI Fridays’ US brand for £177m. The proposed transaction would result in existing Hostmore shareholders holding a 36% stake in the enlarged business upon completion, with TGI Fridays’ shareholdings having a 64% stake. Once the acquisition is finalised, the group is expected to be renamed ‘TGI…
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16 AprilRestaurants
Hostmore to acquire TGI Fridays for £177m
Hostmore has reached an agreement for an all-share acquisition of TGI Fridays for £177m, including the business’ brand in the US which is the company’s franchisor. The parties have agreed that the proposed transaction would result in existing Hostmore shareholders holding a 36% shareholding in the enlarged business upon completion,…
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Jun- 2023 -7 JuneRestaurants
TGI Fridays operator sees Q1 sales slide 3%
TGI Fridays operator Hostmore has revealed a 3% drop in like-for-like sales in the 22 weeks ended 4 June 2023, down from a 1% decline in the first 16 weeks of the year. The group maintains that like-for-like revenue and total revenue for the period remains “broadly consistent” with the…
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Apr- 2023 -21 AprilRestaurants
TGI Fridays axes free meals for staff
TGI Fridays has announced that staff who work a shift longer than 10 hours will no longer receive free meals. The company stated that staff would instead receive a 50% discount on all menu items, something that all staff received when working less than 10 hours. Unite Hospitality has launched…
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Oct- 2022 -27 OctoberCatering Companies
Hostmore appoints non-executive director of Occupyd Limited
Hospitality business Hostmore has announced the appointment of its CEO Robert B Cook to the role of non-executive director of Occupyd as of this month, following approval from the company board. Occupyd Limited, which trades as Obvlo, is a new hospitality infotech company which reportedly aggregates places to go and…
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Sep- 2022 -5 SeptemberPubs and Bars
Wagamama and Turtle Bay sign 15-year leases at The Brewery
Restaurant brands Wagamama and Turtle Bay have secured lettings at The Brewery in Romford, Essex, through a recently-acquired prime supermarket anchored, retail warehouse and leisure scheme by Schroders Capital UK Real Estate Fund (SCREF). Wagamama will move into a 3,478 sq ft unit in the shopping centre on a 15-year…
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Nov- 2021 -5 NovemberRestaurants
Top restaurant brands see turnover decline 20% in 2020, report finds
The top 25 restaurant groups in the UK have reported a reduced combined turnover of -20.1% year-on-year in the 2020 financial year at £2.1bn, the latest data from the Lumina Intelligence Operator Data Index revealed. The report found that the average operating profit across the leading 25 restaurant groups has…
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Jun- 2021 -16 JuneRestaurants
Hostmore named as TGI Fridays’ demerged owner
Electra Private Equity, the owner of TGI Fridays, has revealed Hostmore PLC as the trading name of its new parent company for the group’s hospitality brands. Hostmore will control Electra’s firms that are set to be demerged and admitted to the main market of the London Stock Exchange in Q3…
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