1,000 job losses as dozens of TGI Friday’s restaurants to close

Troubled diner chain TGI Friday’s future has been secured but 35 of its 86 restaurants will close as part of the rescue package.

TGIs went into administration in September but a deal with Breal Capital and Calveton has been agreed which will save 51 outlets and 2,400 jobs.

In Yorkshire four of its restaurants will close: Leeds, Leeds Trinity, Barnsley and Halifax.

Daniel Smith, senior managing director of Teneo, who is the joint administrator of the business,  said: “The casual dining sector has been adversely impacted by well-publicised pressures on discretionary spend.

“This transaction with Breal Capital and Calveton UK preserves a significant proportion of jobs and will hopefully provide the business with the stability and support it needs to recover and grow.

“We thank all employees and other key stakeholders for their support at this difficult time.”

TGI opened its first UK outlet in Birmingham in 1986 and today’s announcement will mean 1,000 job losses.

Full list of 35 TGI Friday’s restaurants closed down:

* Barnsley
* Birmingham
* Bracknell
* Brighton Marina
* Bristol Cabot Circus
* Cardiff Newport Road
* Chelmsford
* Cheltenham
* Croydon
* Derby
* Dundee
* Durham
* Edinburgh Fort Kinnaird
* Enfield
* Gateshead
* Gloucester Quays
* Halifax
* Jersey
* Leeds
* Leeds Trinity
* Leicester
* Lincoln
* Manchester Royal Exchange
* Newcastle Eldon Square
* Newport
* Northampton
* Prestwich
* Romford
* Sale
* Solihull
* Southampton West Quay South
* Speke
* Sutton Coldfield
* Swansea
* Watford North

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