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TGI Fridays could vanish as owners fall into administration

Hostmore, the UK owner of the TGI Fridays, has fallen into administration and is seeking to sell its 87 restaurants in a bid to prevent its brand... - www.theargus.co.uk

Hostmore, the UK owner of TGI Fridays, is now seeking to sell its 87 restaurants in a bid to prevent the brand from vanishing. TGI Fridays has two branches in Sussex, at Brighton Marina and Crawley. TGI Fridays at Brighton Marina (Image: The Argus) The parent company said it had appointed administrators after plans to buy the US restaurant chain collapsed earlier this month.

It is in the process of trying to sell the UK restaurants to new owners, which it hopes to complete by the end of this month. READ MORE: Brighton: GBK to give out hundreds of free burgers next week An estimated 3,000 jobs are currently on the line across the franchise and could be saved if a new owner decides to take it on. The announcement sent Hostmore's share price plummeting by more than 90 per.

.. Ramy Abou-Setta.