Huge restaurant chain susceptible to closure as takeover fails – see the complete record

Iconic British chain restaurant TGI Friday’s is at risk of having to close all of its stores after a takeover collapsed and shares dropped through the floor.

Founded in 1965, the American-themed restaurant has 86 branches on our shores – with around 600 around the world in total. But after the UK owner Hostmore’s attempt to buy the US brand failed this week, it saw the share price drop a whopping 90% in an instant from 10.20 to 0.37, putting the entire UK branch of it at risk.

It is now thought to be looking to see all of its branches turn it into a fully franchise-operated model, but a leading financial expert they need to act fast or it’s “effectively game over”.

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Russ Mould, investment director at AJ Bell said: “It’s effectively game over for Hostmore as a listed business. The company’s share price crashed 90% after an expansion plan went up in smoke, implying there is little to no value left in the listed business for shareholders.

“Having operated under the TGI Fridays brand in the UK for some time, Hostmore had been trying to buy the global master franchise owner. The acquisition would have significantly increased Hostmore’s scale and given it a big presence in the US.”

But that dream is now in tatters, with all of its UK-owned restaurants at risk of closure.

The full list of branches is as follows:

• Aberdeen Beach

• Aberdeen Union Square

• Ashton-under-Lyne

• Barnsley

• Basildon

• Birminghm

• Birmingham NEC

• Bluewater

• Bolton

• Bournemouth

• Bracknell

• Braehead

• Braintree

• Brighton Marina

• Cabot Circus

• Cardiff Newport Road

• Cardiff St David’s

• 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

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