The future of TGI Fridays has been thrown into fresh uncertainty as the restaurant chain is up for sale again, just weeks after changing hands.
Financial firm Interpath has been appointed to explore strategic options for TGI Fridays, which runs 49 UK restaurants and employs around 2,000 staff.
It comes just a few weeks after TGI Fridays was acquired by Sugarloaf TGIF Management, a company run by the chain’s former chief executive, Ray Blanchette.
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Interpath has now reportedly begun contacting potential investors about a possible deal.
Phil Broad, president of TGI Fridays International Franchising, said in a statement: "The directors of TGI Fridays UK can confirm they are working closely with independent advisors to explore all available options for securing the long-term future of TGI Fridays in the UK.”
He told Sky News that since assuming control last month, the priority has been "to protect jobs, support our employees, and continue to deliver the welcoming, celebratory experience guests expect from TGI Fridays".
TGI’s UK chain was sold just over a year ago to investment firms Calveton UK and Breal Capital, who are reported to have stabilised the business’s performance.
Although the hospitality sector was less affected by this week’s Budget than it had been by Rachel Reeves’s first fiscal statement in autumn 2024, it still fell short of delivering the financial support the industry had been seeking.
