TGI Fridays ‘close to rescue deal’ that could save more than 2,000 UK jobs

TGI Fridays ‘close to rescue deal’ that could save more than 2,000 UK jobs

Administrators reportedly in talks with Calveton and Breal Capital, who could buy up to 55 of 87 restaurants

Administrators are reportedly finalising a rescue deal for the UK arm of the TGI Fridays restaurant chain in a move that could save more than 2,000 jobs.

Calveton and Breal Capital – the private equity owners behind upmarket restaurants including Le Pont de la Tour, Quaglino’s and Coq d’Argent – are said to be on the brink of buying up to 55 of the chain’s 87 UK restaurants, which could secure employment for almost half of the company’s 4,500 employees.

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