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for which the company is responsible tgi friday’s‘UK operations, Liberty Bar & Restaurant Group, have filed a notice of intention to appoint administrators for the second time this month.
The latest filing, filed on December 19, follows a similar filing made just two weeks ago.
The move is understood to be a strategic effort by the family dining brand Manages 49 sites across the UKTo get extra time.
This period is critical to thoroughly evaluate options to secure a potential rescue deal and ensure its long-term viability.
The legal process of filing the notice temporarily halts debt recovery and provides an additional 10 days to the company to find a new buyer or attract investment.
Despite the proceedings, all of the group’s U.K. restaurant Operations are expected to continue as normal throughout the Christmas period.
The company, which has more than 2,000 employees, is working with experts from consulting firm Interpath.
TGI Fridays opens for the first time new york In 1965 with a party-led theme.
It continues to operate several restaurants in the US.
After its previous UK operator went into administration, its remaining restaurants went into administration Acquired by private equity firms Briel Capital and Calveton UK in 2024.
In July this year, the company’s UK eateries underwent what was described by bosses as a “complete brand reset”.
The initiative included updating half of its recipes and reformulating 70 percent of its grill items, promising new flavors and better customization.
The owners also said there were plans to revive the brand’s “Americana” influence and theater theme – photo booths and candyfloss machines were reintroduced at some locations.
TGI Fridays said at the time that it was launching a comeback offer to mark the relaunch and inspire more diners to come back.
dinner Anyone who ordered from the menu during Independence Weekend – a US holiday celebrated between July 4-6 – received a voucher for a free return meal.