The reports of TGI Fridays’ mass closures are true—35 restaurants have been shut down in the UK, but the rest were rescued by a private equity firm.

Breal Capital and Calveton have agreed to buy the chain whose UK owner fell into administration last month. However, more than 1,000 TGI Fridays UK staff will be made redundant as

More than 50 TGI Fridays restaurants have been rescued - including its Stoke-on-Trent site. A rescue deal for the troubled restaurant chain has been struck with its venue on Etruria Road, in Hanley, among those remaining open.

The deal would look to save 55 of the 87 restaurants that will have to close, so despite some TGI Fridays being able to stay open, over 1000 jobs would be lost.

More than 1,000 TGI Fridays' UK staff will be made redundant despite a rescue deal from the owners of restaurant group D&D London. They have bought the UK operator of the American-themed chain, after its owner fell into administration last month.

THE future of three popular south Essex restaurants has been revealed as TGI Fridays has secured a rescue deal after its previous operator fell into administration

A Doncaster restaurant – one of 87 TGI Fridays branches at risk after the firm behind it collapsed into administration – could be saved, with a rescue deal “nearly agreed,” according to reports.

The future of dozens of TGI Fridays branches and thousands of jobs is at knife’s edge as a rescue deal is thought to be finalised. The American-themed diner collapsed into administration in September,