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The future of TGI Fridays restaurants up and down the country is in doubt after the company’s owner suffered a near-total collapse in its share price and put all UK restaurants up for sale. TGI Fridays has 87 outlets around the country - including one in Leicester city centre - and the owners are hoping to complete a rapid sale of all of them by the end of this month.
The restaurant chain first opened in the UK in the 1980s and has been a popular destination for birthday parties and cocktail nights for the past 40 years. But the firm’s UK owner, Hostmore, has seen its share price collapse in the last week after it announced it had dropped ambitious plans to buy up outlets in the US.
Shares in the London-listed company were all but wiped out following the announcement. The
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