63rd+1st Glasgow bar inspired by TGI Fridays closes in June due to insufficient earnings; Hostmore merges with US TGI Fridays by September.
63rd+1st, a Glasgow bar inspired by TGI Fridays and part of Hostmore, will close by the end of June due to insufficient earnings. Hostmore, which operates 85 TGI Fridays restaurants in the UK, has faced weaker spending and plans to eliminate the brand to improve finances. The company is merging with US-based TGI Fridays Inc by the end of September to create a larger listed firm in London.
June 03, 2024
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