Latest news with #Hostmore
Metro
28-05-2025
- Business
- Metro
American restaurant announces ‘major comeback' in UK with first-ever breakfast menu
It's been 39 years since American chain TGI Fridays launched here in the UK, with the first restaurant opening in Birmingham in 1986. Since then, they've opened dozens more and today they have 49 locations nationwide. The chain's parent company Hostmore went into administration in October 2024 which saw a number of sites shutter, but the brand has since been purchased by Breal Capital and Calveton (Evolv Collection), with a major relaunch planned for July 4. As part of this, the menu is being overhauled both here and across the pond, with TGI Fridays launching its first-ever breakfast offering in the UK, as part of what Simon Wilkinson, board director and operating partner at Evolv and TGI Fridays, described as 'the comeback of all comebacks'. The new 'Rise and Dine' menu is available now at more than 20 of the chain's restaurants and prices start from £5. Dishes available include a bacon ciabatta (£5), a Breakfast Melt featuring pulled beef, pulled pork or crushed avocado (from £6.50) and a literal tray of food known as the All-American Slam (£10.95). This beast of a breakfast features pork sausages, bacon, fried eggs, sautéed mushrooms, baked beans, grilled tomato, hash brown bites and toasted ciabatta bread. Still hungry? Another new dish boasts an 8oz steak, mushrooms, grilled tomato, a fried egg and hash brown bites for £14.95. And for those who prefer something a little sweeter, there's also a triple stack of pancakes topped with Oreo crumble and vanilla ice cream (£8) or the Big New Yorker (£9) which sees pancakes topped with maple glazed bacon, crispy chicken strips, a fried egg and maple syrup. Vegetarian options will be available too, incluidng The Garden State Slam (£10.95) made with plant-based chicken, smashed avocado, Cajun-spiced corn chips, fried eggs, hash brown bites and toasted ciabatta. And there's a Hash Brown Stack (£7) where the bites are loaded up with melted cheese, pink pickled onions and a fried egg before being drizzled in a maple siracha dressing. Those who fancy it can also add BBQ pulled pork or maple glazed bacon too. No menu change would be complete without a few new drinks, which TGI Fridays are calling 'Sunrise sips'. These beverages are available in the morning for £5.73 each and include the Gold Medalist (banana, strawberry, pineapple and grenadine), Fresh as Cucumber (cucumber, lemon, elderflower, cranberry and soda water) and Minty Apple Soda (apple, vanilla, mint and soda water). A selection of fresh apple, cranberry, orange or pineapple juice is also available for £4 each. Full list of TGI Fridays locations that offer breakfast: Birmingham NEC (event days only) Bluewater Bournemouth Braintree Crawley Cribbs Causeway Doncaster Glasgow Fort High Wycombe Junction 27 Lakeside Quay Leeds White Rose Liverpool One Meadowhall Milton Keynes Milton Keynes Stadium Norwich Nottingham Rushden Lakes Silverburn St David's (Cardiff) Teesside Telford The O2 Trafford Centre Union Square Aberdeen Watford Central Wembley Do you have a story to share?
Scottish Sun
27-05-2025
- Business
- Scottish Sun
Family favourite restaurant chain with 49 sites launches all-new breakfast menu and prices start at just £5
Meateaters and veggies will have a selection of mouthwatering options to choose from BARGAIN BREKKIE Family favourite restaurant chain with 49 sites launches all-new breakfast menu and prices start at just £5 Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A POPULAR restaurant chain with 49 locations across the UK has launched an all-new mouthwatering breakfast menu. TGI Fridays will wave in customers with the selection of dishes to start the day - with some offerings as cheap as a fiver. Sign up for Scottish Sun newsletter Sign up 2 TGI Fridays has launched an exciting new breakfast menu Credit: Alamy 2 The chain will introduce the meals as it fights its way back from administration The 'Rise and Dine' menu, which begins on July 4, will feature an Oreo Crunch Pancake Stack, the All-American Slam breakfast and Steak & Egg. Veggies can join in the delicious fun too, as its Garden State Slam comes complete with plant-based chicken, smashed avocado, Cajun-spiced corn chips, fried eggs, hash brown bites and toasted ciabatta. Punters keen not to break the bank can sink their teeth into a Bacon Ciabatta. The breakfast classic made affordable at just £5, with crispy bacon, Monterey Jack cheese, and fresh tomato on a warm ciabatta. Diners can accompany their meal with a thirst-quenching beverage, with fresh apple, cranberry, orange and pineapple juice available, as well as a choice of 'Sunrise Sips'. The chain's facelift comes after TGI Fridays plunged into administration in September, putting all 87 locations at risk. Since its debut in Birmingham in 1986, TGI Fridays quickly expanded nationwide, winning over diners with its casual American bistro-style experience. Serving staff were known as Dub Dubs, and taught the art of entertaining their customers with jokes, banter, and other gimmicks like juggling and magic tricks, all performed with impeccable table craft and cheeriness. A decade ago, the chain was acquired by a private equity firm, which rebranded it by removing all punctuation, changing the name from T.G.I Friday's to TGI Fridays. In 2021, the company was spun off into Hostmore, which was a publicly traded company on the London Stock Exchange until the recent administration led to its being delisted. I went to TGI Fridays for bottomless brunch - the service was super quick and two things really shocked me Recently, the chain's fortunes have waned, with Hostmore reporting that UK sales have dropped by more than 10% this year compared to last year. TGI Fridays' biggest market is the US, where it operates 128 restaurants, including franchised sites. It also operates more than 270 restaurants in countries around the world. I'M LOVIN' IT It comes after McDonald's made mornings even tastier with its first-ever Breakfast Saver Menu. The bargain meals are launching in selected branches across the country with bites starting from as little as 79p. The fast food is serving up favourites like the Cheesy Bacon Flatbread (£1.99), Saver Bacon Roll (£2.19), and porridge pots (£1.69). The Sausage Sandwich is an exciting new addition to the morning offerings and costs just £1.99. There is a variety of snacks on offer, including apple slices (79p) and hash browns (£1.59), which can be washed down with Tropicana apple or orange juice (£1.89). The Breakfast Saver Menu launched on May 7 across 332 UK restaurants in the North of the country.
Miami Herald
27-03-2025
- Business
- Miami Herald
Popular restaurant and bar chain files for Chapter 11 bankruptcy
Casual restaurant chains have faced economic problems leading to bankruptcies, asset sales, and closed locations. Financial issues that have impacted restaurant chains include rising costs of labor, food, and supplies from inflation, increased interest rates on debt, and changing attitudes of consumers on dining out. Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get first month FREE These issues have affected restaurants' ability to remain profitable as they also deal with fierce competition for the dining dollar. Related: Popular Mexican dining chain files for Chapter 11 bankruptcy The most prominent casual restaurant chain bankruptcy in 2024 was Red Lobster's filing on May 19, 2024. The company closed 120 restaurants but still operates about 545 locations. Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy protection on Aug. 4 to reorganize its business with the support of its lenders. The restaurant chain on Nov. 4 won approval to sell its 44 remaining corporate-owned restaurants to its lender Main Street Capital Corp. for a credit bid of $27 million. Iconic restaurant and bar chain TGI Friday's filed for Chapter bankruptcy protection on Nov. 2, 2024, seeking to sell certain company assets, further reduce its restaurant footprint, and reject unfavorable leases and contracts. The restaurant chain sold off its corporate-owned locations in bankruptcy auctions. The company was forced to file for bankruptcy after a proposed sale to its U.K. franchisee Hostmore collapsed in September 2024. Hostmore owned 87 TGI Friday's franchises and considered buying the parent company's 92 corporate-owned location. TGI Friday's 122 franchised locations in the U.S. and 316 franchised units outside the U.S. did not file for bankruptcy. The company had about 600 franchises in 55 countries, including 213 U.S. locations in 29 states before it filed for bankruptcy. Not many major restaurant chains have filed for Chapter 11 in 2025 in the first three months, though franchisees of major chains have declared bankruptcy. DMD Ventures, owner of six Twin Peaks franchise restaurant locations in Florida, filed for Chapter 11 bankruptcy protection on Jan. 6 for its affiliated entities DMD Florida Development 2 and DMD Florida Restaurant Groups C and D that own and operate two separate locations. The Davie, Fla.-based franchises face a $12 million lawsuit filed by one of its creditors, Florida Restaurant Franchise Group, a commercial real estate development and holding company affiliated with Jafrejo Holdings. And now, another classic restaurant and bar chain has filed for bankruptcy. Popular restaurant and bar chain Bar Louie has filed for Chapter 11 protection to reorganize and close locations, facing financial distress. Related: Another popular casual restaurant chain closes locations The Addison, Texas-based "gastrobar" chain's parent BLH TopCo LLC and four affiliates filed their petition on March 26 in the U.S. Bankruptcy Court for the District of Delaware, listing $1 million to $10 million in assets and $50 million to $100 million in liabilities. More bankruptcy: Popular breakfast dining chain files for Chapter 11 bankruptcyHuge national car wash chain files Chapter 11 bankruptcyTroubled trucking company files for Chapter 11 bankruptcy The debtor's largest unsecured creditors include US Foods Dallas, owed about $1.8 million; Edward Don & Co., owed about $590,000; and Produce Alliance LLC, owed about $148,000. Bar Louie operates a casual dining restaurant and bar chain known for handcrafted cocktails, appetizers, burgers, and other American cuisine. The chain, which currently has 48 locations according to its website, had as many as 134 locations before filing for Chapter 11 bankruptcy in January 2020 and closing 38 locations. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
