TGI Fridays
The owners of TGI Friday’s is selling all UK locations and looking to move to a fully franchise-operated model.
The UK owner of TGI Fridays, is selling all 87 locations and transitioning to a fully franchise-operated model
Hostmore abandoned a £177 million acquisition plan for a US restaurant chain earlier this month, leading to a 90% drop in its share price
It is expected to be wound up and delisted from the London Stock Exchange by the end of the month
The sale of TGI Fridays UK outlets might not cover its debts, and it remains unclear if all locations will stay open or be taken over by other chains
Despite the upheaval, TGI Fridays’ restaurants continue to operate normally
The UK owner of TGI Fridays, is selling all 87 locations and transitioning to a fully franchise-operated model
Hostmore abandoned a £177 million acquisition plan for a US restaurant chain earlier this month, leading to a 90% drop in its share price
It is expected to be wound up and delisted from the London Stock Exchange by the end of the month
The sale of TGI Fridays UK outlets might not cover its debts, and it remains unclear if all locations will stay open or be taken over by other chains
Despite the upheaval, TGI Fridays’ restaurants continue to operate normally
