TGI Fridays UK Owner Explores Sale Just Weeks After Takeover

Sugarloaf, the private equity-backed owner of TGI Fridays UK, is already exploring a potential sale of the business, just one month after acquiring the 49-restaurant group from Calveton UK and Breal Capital.

Financial advisory firm Interpath has been appointed to assess strategic options and gauge investor appetite, signaling that Sugarloaf is actively reviewing exit strategies for the UK arm of the global casual dining brand.

Phil Broad, President of TGI Fridays International, said:"The directors of TGI Fridays UK are working closely with independent advisors to explore all available options to secure the long-term future of the brand in the UK. Our immediate focus remains on safeguarding jobs, supporting our teams, and delivering the experience our guests expect."

The news follows management reshuffles, with former executives Giles Fry and Jonathan Grenville Grey returning as Chief Operating Officer and Operations Director, respectively, to provide continuity and operational expertise.

With nearly 50 locations nationwide, TGI Fridays UK remains a prominent player in the casual dining market, and any strategic moves could have ripple effects across the sector.