Family favourite restaurant chain abruptly closes 16 sites in administration deal – but 33 branches and 1,384 jobs saved

FAMILY favourite TGI Fridays has entered a pre-pack administration, abruptly closing 16 restaurants.  The restructuring saves 33 branches but will lead to significant job losses. The business and assets of Liberty Bar and Restaurant Group Limited, the operator of the British arm of the American-themed dining chain, have been acquired by Sugarloaf TGIF Operations Limited....