Popular American-themed restaurant chain TGI Fridays has collapsed into administration, forcing the immediate closure of 16 of its UK outlets and resulting in over 450 job losses.
Rescue Deal Saves 33 Sites But Sees Branches Shut
The UK arm of the chain, operated by Liberty Bar and Restaurant Group Limited, entered administration on 13 January 2026. In a pre-pack administration deal, the business and assets were swiftly acquired by Sugarloaf TGIF Operations Limited.
This transaction safeguards 33 locations and protects the employment of 1,384 staff members. However, it explicitly excludes 16 venues, which have been shut down with immediate effect, leading to 456 redundancies.
Joint administrators Ryan Grant and Will Wright of Interpath have been appointed to manage the process. They confirmed that supporting the impacted workers is now a top priority as they handle the closure of the excluded sites.
Leadership Expresses Hope for Brand's Future
Phil Broad, Global President of TGI Fridays, released a statement framing the deal as the best outcome for securing the brand's long-term future in the UK. He expressed confidence that the iconic chain was now in "strong hands".
"We believe that this is the best outcome for the business, preserves jobs, and offers a strong platform for success and growth," Broad stated. He added that the focus would be on reinvigorating the brand while maintaining its signature bold flavours and high-energy dining experience.
Ryan Grant, joint administrator, echoed this sentiment, noting the transaction was a pivotal step in the brand's wider turnaround plan. "While these have been difficult times for hospitality operators generally, this marks a pivotal step... putting in place stable foundations upon which it can begin to move forward," he said.
A Long UK History in Decline
TGI Fridays first arrived in the UK in 1986, opening its inaugural restaurant on Hagley Road in Birmingham before expanding across the country.
At its peak, the renowned family-friendly chain operated approximately 80 to 87 restaurants nationwide. The latest closures represent a significant further contraction for the brand, which has faced years of financial strain and a shrinking estate, reflecting broader challenges within the UK's casual dining sector.
