Nearly 2,400 jobs at TGI Fridays’ UK business have been saved after the American-themed restaurant chain secured a rescue deal.
Breal Capital and Calveton have agreed to buy the chain whose UK owner fell into administration last month.
However, more than 1,000 TGI Fridays UK staff will be made redundant as only 51 of the 87 restaurants are being bought under the deal.
The administrators, Teneo, said the other restaurants have been closed with immediate effect.
This article was originally published at www.bbc.com
