The move has resulted in the loss of 456 jobs nationwide.
Although some restaurants were rescued as part of a pre-pack administration deal, the Stratford branch was amongst those permanently closed
TGI Fridays has gone into administration in the UK.
However, most of its sites will remain open after securing a rescue deal, with the business and its assets sold to a subsidiary of Sugarloaf, the firm behind the global TGI Friday brand.
This followed Sugarloaf’s purchase of TGI Fridays’ UK business from private equity firm Calveton UK and Breal Capital two months earlier.
Despite this, administration has led to the immediate closure of 16 UK restaurants, resulting in 456 redundancies.
Among the locations closing down immediately are Ashton Under Lyne, Doncaster, Staines, and Walsall.
In addition, the chain will also shut down sites in Bournemouth, Telford, Reading, Coventry, Edinburgh, Crawley, Nottingham, Sheffield, and Aberdeen Beach, as well as Stevenage and Braintree.
The majority of the chain’s sites, however, are being rescued.
This includes 33 restaurants across the country, which will be protected from closure.
This will retain 1,384 jobs.
Ryan Grant, managing director at Interpath and joint administrator, said: “We are pleased to have been able to secure this transaction which will see this well-known brand continue to trade across the UK.
“While these have been difficult times for hospitality operators generally, this marks a pivotal step in TGI Fridays’ wider turnaround plan, putting in place stable foundations upon which it can begin to move forward.”
Global president of the company, Phil Broad, said: “TGI Fridays has a long history in the UK, and I believe that the future of the brand is in strong hands – focused on reinvigorating the brand while continuing to deliver the bold flavours, welcoming atmosphere, and high-energy dining experience that define TGI Fridays.”
