Connect with us
Advertisement
Advertisement

Business

Jobs in Wales at risk as TGI Fridays UK operator enters administration

Published

on

THE UK operator of TGI Fridays has entered administration, leaving the fate of 87 restaurants, including key locations in Wales, hanging in the balance. This move comes as Hostmore, which operates the brand in the UK, scrambles to sell its chain across the country.

In a recent development, administrators from Teneo have been appointed after plans to acquire the US-based parent chain fell through earlier this month. The collapse of these plans has cast a shadow over the future of the beloved American-inspired restaurant chain.

Among the affected branches are popular Welsh locations in Swansea, Cardiff and Newport. The staff now face uncertainty.

Hostmore has expressed hope in completing the sale of the UK restaurants by the end of September. This would not only keep the TGI Fridays brand alive on British high streets but also potentially save approximately 4,500 jobs across the UK. However, the company has cautioned that it does not expect to recover any significant value from the sale, indicating potential financial shortfalls for creditors and banks.

The uncertainty extends to whether a buyer will be found for the entire chain or only parts of it. This raises concerns about the potential closure of some of the 87 UK branches. TGI Fridays, which first opened in the UK in Birmingham in 1986, has become a familiar name in towns and cities nationwide.

Currently, the restaurants continue to operate as usual while the administration process unfolds. The collapse of the London-listed hospitality firm came after plans to merge with the US-based TGI Fridays Inc. for £177 million were abandoned. This merger would have created a larger entity remaining listed in London, but it was called off following a management change that would have prevented Hostmore from collecting royalties from the TGI Fridays brand.

Hostmore’s financial woes have been exacerbated by a 12% drop in sales this year compared to the previous period, attributed to unusually warm weather and weak consumer spending. The company’s share price plummeted by more than 90% following the announcement, leading to its suspension from the London Stock Exchange.

Hostmore’s brief tenure as a public company has been fraught with difficulties since its debut in November 2021. Its share price, which started at 147p, has suffered a dramatic decline due to profit warnings, mounting debts, and underperforming restaurants.

Russ Mould, investment director at AJ Bell, described the collapse of Hostmore’s expansion plan as a significant blow, suggesting little to no value left for shareholders. He noted that the US acquisition would have significantly increased Hostmore’s scale and given it a major presence in America, freeing it from an existing restrictive franchise deal.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, highlighted the potential for the brand’s survival, citing its continued operation in over 50 countries and loyal customer base. However, she suggested that a new owner might need to significantly reduce the number of UK outlets, focusing on successful locations like London’s Leicester Square.

The story of TGI Fridays began in New York in 1965, founded by Alan Stillman. It became a sensation known for its unique “Thank God It’s Friday” ethos and flair bartending. The brand expanded to the UK in the mid-1980s, bringing its Americana-inspired décor and menu to a new audience.

As the administration process continues, the full list of UK outlets at risk of closure includes:

  • Aberdeen Beach
  • Aberdeen Union Square
  • Ashton-under-Lyne
  • Barnsley
  • Basildon
  • Birmingham
  • Birmingham NEC
  • Bluewater
  • Bolton
  • Bournemouth
  • Bracknell
  • Braehead
  • Braintree
  • Brighton Marina
  • Cabot Circus
  • Castleford
  • Cheadle
  • Chelmsford
  • Cheltenham
  • Cheshire Oaks
  • Coventry
  • Crawley
  • Cribbs Causeway
  • Croydon
  • Derby
  • Doncaster
  • Durham
  • Edinburgh
  • Enfield
  • Fareham
  • Fort Kinnaird
  • Gateshead
  • Glasgow Buchanan Street
  • Glasgow Fort
  • Gloucester Quays
  • Halifax
  • High Wycombe
  • Jersey
  • Lakeside Quay
  • Lakeside Retail Park
  • Leeds Junction 27
  • Leeds Wellington Bridge Street
  • Leeds White Rose
  • Leicester
  • Lincoln
  • Liverpool One
  • Liverpool Speke
  • London Leicester Square
  • London Stratford City
  • London the O2
  • Manchester Royal Exchange
  • Meadowhall
  • Metro Centre Gateshead
  • Milton Keynes
  • Milton Keynes Stadium
  • Newcastle Eldon Square
  • Newport Friars Walk
  • Northampton
  • Norwich
  • Nottingham
  • Prestwich
  • Reading
  • Romford
  • Rushden Lakes
  • Sale
  • Sheffield
  • Silverburn
  • Solihull
  • Southampton Retail Park
  • Staines
  • Stevenage
  • Teesside
  • Telford
  • Trafford Centre
  • Trinity Leeds
  • Walsall
  • Watford Central
  • Watford North
  • Wembley
  • West Quay

The uncertainty surrounding TGI Fridays’ future in the UK has left many customers and employees anxious. While the brand has weathered many storms over the decades, it remains to be seen if it can survive this latest challenge and continue serving up its iconic American cuisine to British diners.

Business

Welsh Water slammed after thousands were left without water

Published

on

DWR CYMRU has been slammed by a councillor who warned people “could have died” after thousands were left without water.

Tens of thousands of residents across the county were left without water after a mains burst at a treatment plant in Dolgarrog last week.

Welsh Water said supplies were restored to homes and businesses on Monday morning.

The chairwoman of Conwy’s finance committee slammed Dwr Cymru during a meeting at the council’s Bodlondeb HQ on Monday.

Old Colwyn councillor Cheryl Carlisle thanked volunteers and council staff for pulling together before calling for a public inquiry into the crisis.

Security guards

Cllr Carlisle claimed those in poor health had been left without water and said security guards at water stations had turned people away with small children.

“I’d like to take the time to thank everyone that’s being involved in the crisis in Conwy over the last six days, the selfless volunteers, everyone that provided water and help to the elderly and vulnerable, and also the engineers for fixing the problem and our social care staff and the other staff who have helped keep our nursing homes going, our care homes, and (looked after) the most vulnerable,” she said.

“On a different note, there will need to be an inquiry, won’t there, into the crisis response from Dwr Cymru.

“You cannot fault the engineers, but the delays in basic organisation, like setting up the water stations.

“It was 48 hours in my particular community. Without the volunteers, it would have been very, very serious, indeed, for those with health conditions.”

She added: “The priority lists of Dwr Cymru did not work.

“There were people on it that were still undelivered (not had water delivered) as was last night [Sunday], cancer patients, dialysis patients. This is completely unacceptable.

“Security guards turned away members (of the public) with little children. That was absolutely unacceptable as well.

“I think this has brought out the very best in people and, in just a few, the very worst. There needs to be a clear disaster plan going forward.”

Cllr Carlisle then insisted an inquiry was needed after Cllr Goronwy Edwards suggested a review.

She added: “I think it needs to be something more than a review, given the seriousness.

“People could have died, those with (serious health conditions). I don’t think we should downplay anything until everyone has come through this intact.”

Conwy Council leader Cllr Charlie McCoubrey also thanked those councillors and members of the public “who had gone above and beyond to look after their communities”.

He added the authority was now in a recovery phase with some households still without water and some schools affected.

“Clearly, with any major incident, questions need to be asked about could this have been prevented, was the response adequate, and what happens in the future in terms of how we coordinate things and prevent incidents like that happening again?”

Cllr McCoubrey said he was working with Welsh Government to get answers from Dwr Cymru.

Report by Richard Evans, Local Democracy Reporter

Continue Reading

Business

Decision due on development of buildings at Trewern Farm

Published

on

A CALL to let a 950-herd north Pembrokeshire dairy farm keep a farm shed built without permission over a decade ago is expected to be approved later this month.

In an application recommended for conditional approval at Pembrokeshire Coast National Park’s development management committee meeting of January 29, Trewern Farms Ltd is seeking permission for the retention of the agricultural building and lay down area at Trewern Farm, Felindre Farchog.

The application is part of a wider complex planning history associated with the site.

A report for Park planners says: “Trewern Farm is operated as a zero grazing style dairy farm with 304 hectares located on two separate parcels of land, one at Trewern with the remainder being at Penpedwast, adjacent to Castell Henllys. The farm has a dairy herd of approximately 950 cows.

“Trewern Farm has expanded significantly over recent years with many of the buildings and structures on site having been erected without the prior benefit of planning permission, and having since been regularised through a combination of retrospective applications and certificates of lawfulness.

“The building subject of this application is believed to have been constructed in 2014. The site currently comprises an agricultural shed immediately adjoining another shed and is used for cubicle housing.

“A slurry lagoon, silage clamps and 12 of the newer agricultural buildings are now lawful as Certificates of Lawfulness were granted for these whilst the Authority was awaiting an Environmental Impact Assessment to be submitted by the applicants for the 2015 planning application to regularise the unauthorised buildings.

“However, this is the last of the outstanding agricultural buildings which are not lawful, and an enforcement notice was served in May 2018 requiring its removal. This notice was appealed in November 2019 and is currently being held in abeyance by the Planning Inspectorate.”

It says the building referred to in the application “is described as being designed to house cattle in a series of cubicles, and forms part of a longer set of buildings running along the southern section of the farming complex,” adding: “The livestock numbers are not proposed for increase as a result of this application but will be as secured [by a planning consent] restricted to no more than 960 milking cows with 1020 maximum excluding calves.”

Local community council Nevern has previously said it has “grave concerns” about the application, asking, amongst other things, how the 960 cattle limit will be policed and important nearby woodland will be protected.

The application was previously recommended for approval at the park’s December meeting, but was deferred as not all received documentation had been published on the national park’s planning website.

The application is now returning to the January meeting, again recommended for conditional approval.

Continue Reading

Business

Castell Howell launches new Food Show at Welsh International Culinary Championships

Published

on

CASTELL HOWELL has launched a new Food Show, showcasing the food trends and innovations that the hospitality industry can expect to see in 2025 and giving visitors a preview of its growing range of Welsh food and drink products. 

The new industry event is taking place alongside the 2025 Welsh International Culinary Championships (WICC) at the International Conference Centre in Newport from 20-22 January.

Castell Howell managing director Matt Lewis said: “The Castell Howell Food Show will be a new highlight in this three-day celebration of Welsh culinary excellence, hospitality skills, and innovation. As the largest wholesale supplier of Welsh Food & Drink, it gives us the opportunity to champion our excellent Welsh producers, to support hospitality customers in developing their businesses and, ultimately, to help our communities and local economies throughout Wales to thrive.

“Visitors will have the unique opportunity to engage directly with Castell Howell specialists representing every aspect of our business from insights into the latest trends, to discovering what’s in the pipeline for Welsh food and drink producers in 2025,” he said.

The Castell Howell Food Show will be a new annual event in the calendar at the start of the year, serving as a preview for its larger established trade shows, hosted at Parc y Scarlets in Llanelli and Parc Eirias in Conwy. 

The Welsh International Culinary Championships, organised by the Culinary Association of Wales, bring together the nation’s most talented craft chefs, butchers, and front-of-house professionals for three days of demanding competition. The 2025 WICC also hosts the Skills Competition Wales hospitality finals, showcasing the country’s top apprentices.

Deputy First Minister, with responsibility for Climate Change and Rural Affairs, Huw Irranca-Davies, said: 

“These two events promise to be a fantastic showcase for Wales’ food and drink industry. It’s an opportunity to celebrate Wales’ culinary excellence and the strength of our hospitality sector. Castell Howell plays an important role in supporting Welsh farmers, producers and the hospitality sector – and I wish them well with this new event.” 

Further information about the event is at foodshow.wales

Continue Reading

Health19 hours ago

‘Truly abysmal’ – Welsh NHS waiting list hits new record high

THE LATEST NHS statistics paint a bleak picture of healthcare in Wales, with waiting lists reaching an unprecedented 802,268 patient...

News21 hours ago

RNLI urges public to stay safe as Storm Éowyn hits Wales

STORM ÉOWYN is set to bring strong winds across the UK, with an amber weather now in place for warning...

Crime2 days ago

Only 3% of sexual offences reported to Dyfed-Powys Police result in a charge

MORE than 1,600 rape and sexual offences have been reported to Dyfed-Powys Police in the last year, but just three...

Crime3 days ago

Cabbie and passenger caged for cocaine trafficking in Pembrokeshire

A TAXI driver and his passenger have been jailed after being caught smuggling a kilogram of cocaine into Pembrokeshire. Police...

Crime4 days ago

Drug dealers caught trafficking cocaine worth £2,000 to Steynton addict

A COURT has heard how two drug dealers were caught trafficking cocaine with a street value of up to £2,000...

News5 days ago

St Davids Lifeboat responds to Mayday call from wind farm support vessel

ST DAVIDS RNLI responded to a Mayday call at 5:55am on Sunday (Jan 19) after a fire broke out on...

Business6 days ago

Residents meet with local politicians over A477 road safety concerns 

MEMBERS of the Eglwyscummin Community Council and residents of the village of Red Roses today (Friday 17th January) called a road-side...

Crime6 days ago

Milford paedophile caught with 1600 indecent images of children avoids jail

A PAEDOPHILE has avoided prison sentence after being caught with nearly 1,600 sickening indecent images and videos of children on...

News1 week ago

Landslides close section of Pembrokeshire coastal path once again

A SECTION of a south Pembrokeshire beach-side coastal path has been closed once again after a number of landslips in...

Community1 week ago

Stricken vessel now off Broad Haven as pollution experts stand-by

A dramatic turn of events has seen the survey vessel KMS Terramare redirected to Broad Haven, where it is set...

Popular This Week