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Breal

  • TGI Fridays: Full list of UK restaurants staying open after rescue deal agreed

    hospitality

    More than 2,000 jobs have been saved after a deal to acquire the UK operation of American cocktail bar and restaurant chain TGI Fridays out of administration was agreed. Breal Capital and Calveton, who own restaurant group D&D London, have snapped up a majority stake for an undisclosed sum through their acquisition vehicle Liberty Bar and Restaurant [...]

    The company behind TGI Fridays in the UK has been acquired out of administration.
  • TGI Fridays rescue deal nears completion

    hospitality

    A rescue deal for TGI Fridays’ embattled UK operations is set to be finalised over the weekend, potentially saving over 2,000 jobs. Breal Capital and Calveton, owners of restaurant group D&D London, are expected to acquire a majority stake in the American diner-inspired restaurant chain as soon as Monday, according to Sky News. Final details are [...]

    The deal to save the UK operations of TGI Fridays is expected to cover 50 to 55 of the chain's 87 locations.

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