TGI Fridays has announced the closure of their Bracknell branch following weeks of discussions.

Staff at the Bracknell branch were let go with immediate effect yesterday (7/10) after the confirmation that 35 restaurants across the UK would be closed.

The business announced that it would be closing locations across the country after accepting a new rescue deal.

On Monday (October 7) joint administrators at Teneo revealed Breal Capital and Calveton UK had acquired 51 restaurants.

The deal means TGI Fridays will remain on UK high streets and nearly 2,400 jobs have been saved.

The collapse of the London-listed hospitality business came after plans to buy the US restaurant chain for £177 million fell through in September.

It would have merged with US-based TGI Fridays Inc, to create a larger firm that would remain listed in London.

But the takeover plans were dropped after a management change which would have meant it could not collect royalties from the TGI Fridays brand.

TGI Fridays joins other big-name businesses including Papa Johns and the Body Shop in closing sites in 2024.