Latest news with #US-themed
Daily Mirror
16-07-2025
- Business
- Daily Mirror
Major restaurant chain with 72 locations at risk of being 'put up for sale'
The restaurant chain has more than 70 locations in the UK and Sky News reports that 60 of these are profitable - meaning some could potentially close in the future Côte Brasserie could be set to close further restaurants as its owner reportedly prepares to auction off the business. Sky News reports that Partners Group, which bought Côte out of administration in a deal said to be worth £55million in 2020, is working with Interpath Advisory to search for new investors. Côte has more than 70 restaurants in the UK and Sky News reports that 60 of these are profitable - and said this implies 'there could be scope for further closures'. Côte has almost 100 restaurants before it fell into administration five years ago. You can find a full list of all the current Côte restaurants below. The Mirror has contacted Partners Group for comment on the report. Full list of Côte Brasserie restaurants Barbican Covent Garden Hay's Galleria Kensington Marylebone Sloane Square Soho St Christopher's Place St Katharine Docks St Martin's Lane St Paul's Barnes Blackheath Chislehurst Chiswick Ealing Kingston Muswell Hill Richmond Royal Festival Hall Teddington Wimbledon Basingstoke Bluewater Brighton Canterbury Chichester Esher Farnham Guildford Hanley on Thames Horsham Lewes Marlow Newbury Oxford Reading Reigate Tunbridge Wells Winchester Windsor Woking Wokingham Bath Bournemouth Bristol - Clifton Village Bristol - Quaker Friars Cheltenham Cirencester Dorchester Exeter Salisbury West Bridgford Bishop's Stortford Bury St Edmunds Cambridge Chelmsford Norwich Peterborough St Albans Welwyn Garden City Cardiff Bay Cardiff Central Chester Liverpool Newcastle York Edinburgh Leamington Spa Shrewsbury Solihull Worcester It comes after TGI Fridays revealed it has launched a new UK menu following a major rescue deal that was made last year. The UK operator of TGI collapsed into administration in September last year - but the brand was saved when it was acquired by private equity firms Breal Capital and Calveton UK. However, the deal only saved 51 restaurants - meaning 35 restaurants had to shut down and around 1,000 members of staff were made redundant. TGI - which is known for its US-themed dishes and cocktails - now has 49 restaurants and around 2,500 members of staff. In an update today, TGI said it has undergone a significant transformation since being bought out of administration in October. TGI Fridays first opened in New York in 1965 with a party-led theme and continues to operate a string of restaurants in the US. It then opened its first restaurant in the UK in the 1980s and has been a popular destination for birthday parties and cocktail nights for the last 40 years. Meanwhile, it was revealed that fish and chip shop chain Deep Blue Restaurants sold off nine of its branches between October 2024 and May 2025 in order to generate more money for another of its well-known brands. Deep Blue Restaurants also owns Harry Ramden's, having purchased the company from Boparan Restaurant Group six years ago in 2019. The funds from the sale of the nine Deep Blue Restaurants were used to refurbish some Harry Ramsden's locations, as well as marketing campaigns. The company has 16 Deep Blue restaurants and eight Harry Ramsden's sites, according to its website.
Daily Mirror
09-07-2025
- Business
- Daily Mirror
Owner of UK's largest fish and chips chain shuts nine restaurants
The funds from the sale of the nine restaurants were used to refurbish some Harry Ramsden's locations, as well as marketing campaigns Fish and chip shop chain Deep Blue Restaurants has sold off nine of its branches. The restaurant chain parted ways with these sites between October 2024 and May 2025 in order to generate more money for another of its well-known brands. Deep Blue Restaurants also owns Harry Ramden's, having purchased the company from Boparan Restaurant Group six years ago in 2019. The funds from the sale of the nine Deep Blue Restaurants were used to refurbish some Harry Ramsden's locations, as well as marketing campaigns. The company has 16 Deep Blue restaurants and eight Harry Ramsden's sites, according to its website. Deep Blue Restaurants saw its turnover fall by 2.5% to £22.9million, while its gross profit dropped 1.2% to £15.8million in the year ended 24 September 2024. But its pre-tax losses also fell to £2.2million, down from a £3.6million loss the previous year. The group secured £5.57million debt funding between October 2024 and February 2025. James Fleming, the group's chief executive, wrote in the latest accounts: 'As in prior years, global events, the cost of living crisis and food cost inflation continued to present headwinds to trading in the first three quarters of FY 2025. 'Despite this, performance has been robust. Looking at the sites on a like for like basis (to account for the disposal of some stores) the group is trading in line with the budget set at the start of the year. 'Continued success with the franchising and licensing of the Harry Ramsden's brand has further driven revenue and profitability across the group. 'Management continue to focus on developing this element of the business, and there have been further new contract wins into 2025.' It comes after TGI Fridays revealed it has launched a new UK menu following a major rescue deal that was made last year. The UK operator of TGI collapsed into administration in September last year - but the brand was saved when it was acquired by private equity firms Breal Capital and Calveton UK. However, the deal only saved 51 restaurants - meaning 35 restaurants had to shut down and around 1,000 members of staff were made redundant. TGI - which is known for its US-themed dishes and cocktails - now has 49 restaurants and around 2,500 members of staff. In an update today, TGI said it has undergone a significant transformation since being bought out of administration in October. TGI Fridays first opened in New York in 1965 with a party-led theme and continues to operate a string of restaurants in the US. It then opened its first restaurant in the UK in the 1980s and has been a popular destination for birthday parties and cocktail nights for the last 40 years.
Scottish Sun
04-07-2025
- Business
- Scottish Sun
Legendary restaurant chain announces huge UK comeback after being saved from administration with 35 closures
Diners will also see a new menu with exciting new flavours OPEN WIDE Legendary restaurant chain announces huge UK comeback after being saved from administration with 35 closures Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A LEGENDARY restaurant chain has announced a huge UK comeback after being saved from administration. With a new menu and a plan to revitalise restaurants, the chain secured a rescue deal last year but made a string of closures. Sign up for Scottish Sun newsletter Sign up 3 TGI Fridays has announced a "comeback" with a new menu after the UK chain was rescued Credit: Alamy 3 It comes after over 35 restaurants were forced to close last year Credit: Alamy TGI Fridays, the US-themed eatery and cocktail bar, said it had undergone a significant transformation since being bought out of administration in October. Bosses are describing the comeback campaign as a "full brand reset". This will see half of its dishes updated and 70% of the grill items reworked, promising new flavours and more customisation. There are also plans to revive the brand's "Americana" influence and theatre theme. Some locations have already reintroduced photo booths and candyfloss machines. TGI Fridays said it was launching a comeback offer to mark the relaunch and to encourage more diners to return. Diners who order from the menu across Independence Weekend - the US holiday celebrated between July 4-6 - will receive a voucher for a free return meal. This will be valid on weekdays for the rest of the month. The restaurant first opened in New York in 1965 with a party-led theme and continues to operate a string of restaurants across the US. Private equity firm Breal Capital and Calveton UK acquired 51 restaurants after the previous UK operator fell into administration. But while the deal secured the future of the chain, it led to 35 restaurant closures with around 1,000 staff made redundant. Without a buyer the brand could have disappeared for good from UK high streets, where it's been a familiar sight since 1986. Since its debut in Birmingham that year, TGI Fridays quickly expanded nationwide, winning over diners with its casual American bistro-style experience. TGI Fridays now say it operates 49 restaurants and has about 2,500 members of staff. Inside England Lionesses' luxury Euro 2025 hotel with butler service, stunning pool and 2 Michelin star restaurant Restructuring efforts since the takeover have resulted in a leaner and more streamlined business, it said on Friday. It also highlighted an improvement in sales since the start of 2025. Prior to the takeover, TGI faced falling sales in the UK against a backdrop of wider struggles for the casual dining sector and weaker consumer spending. Julie McEwan, chief executive of TGI Fridays UK, said: "This is an exciting moment for TGI Fridays - a full brand reset that reinforces everything people have always loved about us. "TGI Fridays has a rich heritage of bold flavour, high-energy hospitality and unforgettable celebrations - and we've gone back to those roots to bring that magic into a new era. "Over the past eight months, we've restructured the business, invested in our incredible team, and rebuilt our offer around quality, value and experience."
South Wales Guardian
04-07-2025
- Business
- South Wales Guardian
TGI Fridays hails ‘comeback' with new menu launch after UK chain rescued
The US-themed restaurant and cocktail bar said it had undergone a significant transformation since being bought out of administration in October. The comeback campaign, which bosses described as a 'full brand reset', will involve half of its dishes updated and 70% of the grill items reworked, incorporating new flavours and more customisation. It also plans to revive the brand's 'Americana' influence and theatre theme – with some locations reintroducing photo booths and candyfloss machines. TGI Fridays said it was launching a comeback offer to mark the relaunch and prompt more diners to come back. Diners who order from the menu across Independence Weekend – the US holiday celebrated between July 4-6 – will receive a voucher for a free return meal, valid on weekdays for the rest of the month. TGI Fridays first opened in New York in 1965 with a party-led theme and continues to operate a string of restaurants in the US. After its previous UK operator fell into administration, 51 restaurants were acquired by private equity firms Breal Capital and Calveton UK. While the deal secured a future for the chain on Britain's high streets, it led to the closure of 35 restaurants, resulting in about 1,000 staff being made redundant. TGI said it now operates 49 restaurants and has about 2,500 members of staff. Restructuring efforts since the takeover have resulted in a leaner and more streamlined business with a significant reduction in overhead costs, it said on Friday. It also highlighted an improvement in sales in recent months, since the start of 2025. Prior to the acquisition, TGI faced falling sales in the UK amid wider struggles for the casual dining sector, which has grappled with weaker consumer spending. Julie McEwan, chief executive of TGI Fridays UK, said: 'This is an exciting moment for TGI Fridays – a full brand reset that reinforces everything people have always loved about us. 'TGI Fridays has a rich heritage of bold flavour, high-energy hospitality and unforgettable celebrations – and we've gone back to those roots to bring that magic into a new era. 'Over the past eight months, we've restructured the business, invested in our incredible team, and rebuilt our offer around quality, value and experience.'
Powys County Times
04-07-2025
- Business
- Powys County Times
TGI Fridays hails ‘comeback' with new menu launch after UK chain rescued
TGI Fridays has hailed a 'comeback' with a new menu and plans to revitalise restaurants after the chain secured a rescue deal last year but made a string of closures. The US-themed restaurant and cocktail bar said it had undergone a significant transformation since being bought out of administration in October. The comeback campaign, which bosses described as a 'full brand reset', will involve half of its dishes updated and 70% of the grill items reworked, incorporating new flavours and more customisation. It also plans to revive the brand's 'Americana' influence and theatre theme – with some locations reintroducing photo booths and candyfloss machines. TGI Fridays said it was launching a comeback offer to mark the relaunch and prompt more diners to come back. Diners who order from the menu across Independence Weekend – the US holiday celebrated between July 4-6 – will receive a voucher for a free return meal, valid on weekdays for the rest of the month. TGI Fridays first opened in New York in 1965 with a party-led theme and continues to operate a string of restaurants in the US. After its previous UK operator fell into administration, 51 restaurants were acquired by private equity firms Breal Capital and Calveton UK. While the deal secured a future for the chain on Britain's high streets, it led to the closure of 35 restaurants, resulting in about 1,000 staff being made redundant. TGI said it now operates 49 restaurants and has about 2,500 members of staff. Restructuring efforts since the takeover have resulted in a leaner and more streamlined business with a significant reduction in overhead costs, it said on Friday. It also highlighted an improvement in sales in recent months, since the start of 2025. Prior to the acquisition, TGI faced falling sales in the UK amid wider struggles for the casual dining sector, which has grappled with weaker consumer spending. Julie McEwan, chief executive of TGI Fridays UK, said: 'This is an exciting moment for TGI Fridays – a full brand reset that reinforces everything people have always loved about us. 'TGI Fridays has a rich heritage of bold flavour, high-energy hospitality and unforgettable celebrations – and we've gone back to those roots to bring that magic into a new era. 'Over the past eight months, we've restructured the business, invested in our incredible team, and rebuilt our offer around quality, value and experience.'
