TGI Fridays UK parent prepares for administration – but says restaurants WILL stay open over Christmas

The UK parent of TGI Fridays has filed a notice of intention to appoint administrators to explore restructuring options, while confirming that all nearly 50 restaurants will remain open over the Christmas period as the owners seek to protect the brand, its employees, and its ongoing operations, following a turbulent period marked by a rescue sale out of administration, a change of ownership last month, and renewed financial reviews by advisers as pressures in the casual dining sector persist.

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