TGI Fridays has been a recognisable sight on the UK high street since 1986 (Picture: PA)
The operator of the UK’s most recognisable restaurant brands has collapsed into administration.
TGI Fridays’s operating firm Hostmore is scrambling to sell 87 chains across the country.
The American-themed diner opened its first UK restaurant in 1986 and went on to become a staple destination for cocktail nights and parties.
But its collapse comes after a deal to buy it for £177million fell through earlier this month.
Joint administrators Teneo says it is trying to sell the UK restaurants to new owners with the aim of completing by the end of September.
A successful deal would save thousands of jobs.
However, Teneo said earlier this month it was not expecting to ‘recover any meaningful value’ from the sale of sites.
TGI Fridays has 128 restaurants in the US and has a presence in more than 270 countries around the world.
Full list of UK TGI Fridays restaurants up for sale
Aberdeen Beach
Aberdeen Union Square
Ashton-under-Lyne
Barnsley
Basildon
Birminghm
Birmingham NEC
Bluewater
Bolton
Bournemouth
Bracknell
Braehead
Braintree
Brighton Marina
Cabot Circus
Cardiff Newport Road
Cardiff St David’s
Castleford
Cheadle
Chelmsford
Cheltenham
Cheshire Oaks
Coventry
Crawley
Cribbs Causeway
Croydon
Derby
Doncaster
Durham
Edinburgh
Enfield
Fareham
Fort Kinnaird
Gateshead
Glasgow Buchanan Street
Glasgow Fort
Gloucester Quays
Halifax
High Wycombe
Jersey
Lakeside Quay
Lakeside Retail Park
Leeds Junction 27
Leeds Wellington Bridge Street
Leeds White Rose
Leicester
Lincoln
Liverpool One
Liverpool Speke
London Leicester Square
London Stratford City
London the O2
Manchester Royal Exchange
Meadowhall
Metro Centre Gateshead
Milton Keynes
Milton Keynes Stadium
Newcastle Eldon Square
Newport Friars Walk
Northampton
Norwich
Nottingham
Prestwich
Reading
Romford
Rushden Lakes
Sale
Sheffield
Silverburn
Solihull
Southampton Retail Park
Staines
Stevenage
Teesside
Telford
Trafford Centre
Trinity Leeds
Walsall
Watford Central
Watford North
Wembley
West Quay
Earlier this year it was announced Wetherspoons would be closing some of its pubs in another blow to the high street.
While it seems UK’s town centres face a bleak future, there is hope.
The Body Shop was rescued from administration after investment firm Aurea completed its acquisition, securing 1,300 jobs, at the beginning of the month.
Source:: Metro
