Keep up to date with Insol Europe news on our LinkedIn profile page...

 

Hundreds of jobs to be lost in TGI Fridays insolvency plan

Hundreds of UK hospitality workers are facing redundancy as the owner of TGI Fridays prepares a pre-pack administration deal. Sugarloaf TGIF Management, which acquired the chain only two months ago, plans…

Germany corporate insolvencies reached decade-high in 2025

2025 saw German business insolvencies climb to their highest level in a decade, with 23,900 companies filing for bankruptcy - an 8.3% increase from 2024. This reported surge reflects the serious toll…

​Kanabo calls in administrators marking an end to the LSE Cannabish Rush

Kanabo Group, once a flagship medical-cannabis firm on the London Stock Exchange, has entered administration as of 28 November 2025, marking a dramatic collapse for what was once considered a leader of…

​General Prosecutor's Office: Euroins bankruptcy, caused by fraudulent management, embezzlement and money laundering

The Romanian General Prosecutor's Office is conducting a major investigation into the bankruptcy of insurance company Euroins, which has been severely affecting the compulsory auto insurance market in…

News

Hundreds of jobs to be lost in TGI Fridays insolvency plan
Hundreds of UK hospitality workers are facing redundancy as the owner of TGI Fridays prepares a pre-pack administration deal. Sugarloaf TGIF Management, which acquired the chain only two months ago, plans to buy back a significantly slimmed-down version of the business. This restructuring is expected to result in the permanent closure of between 15 and 20 of the brand's remaining 49 UK restaurants, though this figure is yet to be confirmed.
 
The move follows a turbulent period that saw the TGI Fridays chain fall from 90 sites in 2024. Industry insiders cite heavy pressure from recent UK tax and National Insurance increases as major factors. 
 
While a company spokesperson maintains that no final decisions have been made, restructuring experts Interpath Advisory have been lined up to handle the insolvency process, which is expected to be finalised in early January.
 
  BENCHMARKS  
Loading Time: Base Classes  0.0025
Controller Execution Time ( News / News Details )  0.0074
Total Execution Time  0.0101
  GET DATA  
No GET data exists
  MEMORY USAGE  
793,240 bytes
  POST DATA  
No POST data exists
  URI STRING  
news/details/hundreds-of-jobs-to-be-lost-in-tgi-fridays-insolvency-plan
  CLASS/METHOD  
news/news_details
  DATABASE:  insoleur_main   QUERIES: 45  (Show)
  HTTP HEADERS  (Show)
  SESSION DATA  (Show)
  CONFIG VARIABLES  (Show)