4,500 jobs at risk as TGI Fridays enters administration

Published On Sep 18, 2024, 10:55 AM

TGI Fridays' UK operations have entered administration, putting around 4,500 jobs at risk. The owner, Hostmore, is facing significant debts and losses and has listed 87 restaurants for sale, hoping to finalize a sale by the end of September to keep the brand running. Despite the administration process, all existing stores remain operational for now.