4,500 jobs at risk as TGI Fridays enters administration

The UK relation of TGI Fridays has gone into administration, placing 4,500 jobs astatine risk.

A full of 87 of the chain's restaurants person been enactment up for merchantability arsenic proprietor Hostmore, a hospitality company, struggles with indebtedness and dense losses.

It hopes to implicit a merchantability by the extremity of September, which would support the marque moving and assistance to unafraid jobs.

Hostmore said the American-inspired concatenation "continues to run usually and each existing stores stay open".