Business · 31 October 2025
Former TGI Fridays chief to acquire UK arm of renowned restaurant chain
TGI Fridays’ UK operations are set to be taken over by Sugarloaf TGIF Management, led by former CEO Ray Blanchette. The deal covers nearly 50 UK sites and is reported to safeguard around 2,000 jobs, offering a fresh chapter for the brand after financial turbulence. The transition marks a shift to brand-custodian oversight and aims to stabilise the UK footprint.
Reported by Sky News · How we write briefs