TGI Fridays' UK operations near rescue deal with Breal Capital and Calveton, aiming to save 2,000 jobs.
TGI Fridays' UK operations are nearing a rescue deal with Breal Capital and Calveton, aiming to save over 2,000 jobs. The agreement could involve the acquisition of 50 to 55 of the chain's 87 sites and would include existing leases and brand rights. Hostmore, the parent company, recently entered administration, leading to uncertainty for the remaining workforce, with up to 1,000 potential job losses still anticipated.
October 06, 2024
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