Hundreds of Jobs at Risk as TGI Fridays UK Prepares for Insolvency Plan
Sugarloaf TGIF Management, led by former TGI Fridays chief executive Ray Blanchette, took control of the chain about two months before January 2026 and is now preparing a pre-pack administration. The plan is expected to involve closing a substantial portion of the 49 UK sites. Early estimates indicate 15 to 20 closures, though the final number is not yet determined and could extend beyond next week.
If the pre-pack administration and site closures proceed, hundreds of the roughly 2,000 UK staff could face redundancy. Interpath Advisory has been appointed to handle the pre-pack administration, with two notices of intention to appoint filed before Christmas.
TGI Fridays UK states it is assessing all options for the future; no final decisions have been made, and locations continue to operate as usual. The chain was put up for sale in November. Sugarloaf TGIF Management purchased it from Breal and Calveton, after previous ownership by Hostmore and a 2024 insolvency filing. At the time of sale, the chain traded close to 90 UK restaurants.
