The future of a restaurant in Norwich has been revealed after TGI Fridays secured a rescue deal for branches across the country.
The UK operator of TGI Fridays went into administration last month and was left scrambling to sell its 87 restaurants.
But now the chain has announced that its Norwich branch is among the 51 restaurants that will remain open as part of a new deal.
But joint administrators at Teneo said 35 restaurants were not included in the sale and have been closed immediately, resulting in 1,012 redundancies.
Julie McEwan, chief executive of TGI Fridays UK, said: “The news today marks the start of a positive future for our business following a very challenging period for the casual dining sector as a whole.
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“We are devastated for our colleagues who will be leaving TGIs and thank them for their loyalty and contribution during their time with us.
“We are doing everything possible to retain our team and support those impacted.”
New private equity owners Breal Capital and Calveton UK jointly own upmarket restaurant chain D&D London, and between them have had investments in Byron Burger and wine bar chain Vinoteca.
Daniel Smith, senior managing director of Teneo, said the acquisition “preserves a significant proportion of jobs and will hopefully provide the business with the stability and support it needs to recover and grow”.
The Norwich branch of TGI Fridays opened in 2013 at the Riverside Leisure Park.
The chain serves American fare, such as burgers and ribs, and it is also a cocktail bar.
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