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 [...]
‘Game over’ for TGI Fridays’ UK owner Hostmore as shares crater almost 90 per cent Business TGI Fridays’ UK owner Hostmore is set to be wound down in a move that could wipe out its shareholders, after revealing it had dropped plans to buy the US restaurant chain for £177m. Shares in the London-listed company tanked by almost 90 per cent following the announcement on Monday. Hostmore, a hospitality firm which [...]
TGI Fridays acquired by listed UK outfit in rare win for the capital takeover The "transformational combination" would merge "TGI Fridays' largest franchisee with the global franchisor", and is being classed as a reverse takeover.