TGI Fridays' operator goes into administration

TGI Fridays’ operator, Thursdays UK Limited, in administration

TGI Fridays' operator goes into administration- On 7 October 2024 Thursdays UK Limited, operating under the brand ‘TGI Fridays UK’, entered administration and Daniel Smith and Julian Heathcote of Teneo Financial Advisory Limited were appointed as Joint Administrators.

Immediately following the appointment, the Joint Administrators completed a sale of 51 sites, including the transfer of 2,389 employees. Thirty-five restaurants were excluded from the sale and have been closed, resulting in 1,012 redundancies. 

TGI Fridays’ operator, Thursdays UK Limited, in administration