The business and assets of Liberty Bar and Restaurant Group Limited, the Company which manages the operations of TGI Friday’s UK restaurants, have been acquired by Sugarloaf TGIF Operations Limited in a pre-pack transaction which sees the transfer and continuing operation of 33 restaurants across the UK.
Ryan Grant and Will Wright were appointed joint administrators to Liberty Bar and Restaurant Group Limited on 13 January 2026. Immediately thereafter, they sold the business and assets of the Company to Sugarloaf TGIF Operations Limited, a company owned by Sugarloaf, the manager and custodian of the worldwide TGI Friday brand.
As well as the transfer of 33 TGI Friday restaurants, the transaction also safeguards the jobs of 1,384 employees who have transferred to Sugarloaf TGIF Operations Limited.
“We have been working closely to explore all available options for securing the long-term future of TGI Fridays in the UK, and believe that this is the best outcome for the business, preserves jobs, and offers a strong platform for success and growth”, said Phil Broad, Global President, TGI Fridays. “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.”
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 Friday’s wider turnaround plan, putting in place stable foundations upon which it can begin to move forward.”
Regrettably, 16 sites are not included as part of the transaction and as such, have closed with immediate effect, resulting in 456 redundancies. The joint administrators are providing all support to those employees impacted by redundancy as a matter of priority.
