Hostmore Enters Administration, 4,500 Jobs at Risk

The UK operator of TGI Fridays, Hostmore, has gone into administration, putting 4,500 jobs at risk and placing all 87 of its UK restaurants up for sale. Hostmore hopes to complete the sale by the end of September to keep the brand running and secure jobs, although recovering any meaningful value from the sale is unlikely. Hostmore's financial struggles were exacerbated by the collapse of a £177 million deal to buy the US operator of TGI Fridays. While the chain continues to operate normally, its future remains uncertain as potential buyers are sought. Fans and customers have expressed concern and nostalgia on social media, reflecting the brand's long-standing presence in the UK since its debut in the 1980s.