TGI Fridays owner in administration - with 87 much-loved restaurants at risk
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ok.co.ukTGI Fridays' UK operator Hostmore has plunged into administration, putting 87 restaurants up for sale across the nation.The beloved staple for birthdays and cocktail evenings debuted in the UK during the 80s and quickly became a favourite across the nation.
The company announced it had appointed administrators from Teneo following the collapse of a deal to acquire the US restaurant chain earlier this month.
In a desperate move to save its presence on British high streets, the chain listed 87 of its UK franchise restaurants for sale this week.
While the sales are intended to be finalised by the end of the month, it's currently uncertain if any or all of the establishments will attract buyers.
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