TGI Friday’s UK future in doubt as owner reveals plan to enter administration

Brand could disappear, with 87 restaurants and 4,500 jobs at risk after talks over rescue deal collapse

The company behind the UK arm of the TGI Fridays restaurant chain has said it plans to appoint administrators, putting the future of its 87 outlets and 4,500 employees in doubt.

The American diner brand could disappear from UK high streets after Hostmore, which is listed on the London stock market, said administrators from advisory firm Teneo would be appointed and its restaurants sold off to rivals. The restaurants will continue to operate as normal in the interim.