TGI Fridays' future uncertain as chain up for sale again weeks after changing hands
TGI Fridays, which has 49 restaurants and about 2,000 staff members in the UK, faces uncertainty just a month after changing hands
Image: PA)
TGI Fridays' British restaurants face an unknown future just a month after the chain changed hands. Financial firm Interpath has been appointed to explore strategic options for TGI Friday, which employs 2,000 people across its 49 UK restaurants.
Just a few weeks ago, TGI Fridays in the UK was acquired by Sugarloaf TGIF Management. Now, Interpath has reportedly begun contacting potential investors about a possible deal.
President of TGI Fridays International Franchising Phil Broad said: "The directors of TGI Fridays UK can confirm they are working closely with independent advisors to explore all available options for securing the long-term future of TGI Fridays in the UK."
Broad told Sky News that since assuming control last month, the priority has been "to protect jobs, support our employees, and continue to deliver the welcoming, celebratory experience guests expect from TGI Fridays".
He added: "These discussions are progressing constructively, and we will provide further updates when appropriate."
TGI Fridays British chain had previously been sold to investment firms Calveton UK and Breal Capital just over a year ago.