A local restaurant has been closed in the restructuring of the business which has led to 456 redundancies in the UK.
A notice in the window at TGI Fridays on Castle Street says that the firm has gone into administration.
Ryan Grant and Will Wright of Interpath Advisory were appointed as joint administrators to the company on January 13, 2026. The majority of the business of Liberty Bar and Restaurant Group Limited, the company which manages TGI Friday’s UK restaurants, have been acquired in a pre-pack transaction. This allows some of the outlets to continue trading. The Edinburgh restaurant has not been saved and it has closed with immediate effect. The website shows an error message.
Phil Broad, Global President, TGI Fridays, said: “We have been working closely to explore all available options for securing the long-term future of TGI Fridays in the UK, and believe that this is the best outcome for the business, preserves jobs, and offers a strong platform for success and growth.
“TGI Fridays has a long history in the UK, and I believe that the future of the brand is in strong hands – focused on reinvigorating the brand while continuing to deliver the bold flavours, welcoming atmosphere, and high-energy dining experience that define TGI Fridays.”
Ryan Grant, managing director at Interpath and joint administrator, said: “We are pleased to have been able to secure this transaction which will see this well-known brand continue to trade across the UK. While these have been difficult times for hospitality operators generally, this marks a pivotal step in TGI Friday’s wider turnaround plan, putting in place stable foundations upon which it can begin to move forward.”
