CBRE appointed to sell leftover TGIs

CBRE has been appointed to dispose of the 35 TGI Fridays sites not rescued from administration this week. The agent has been appointed by administrators at Teneo. Breal Capital and Calveton, owners of restaurant group D&D, have agreed to buy the American-themed chain, taking on 51 of its 86 locations. The restaurants being closed are Barnsley, Birmingham Hagley Road, Bracknell, Brighton Marina, Bristol Cabot Circus, Cardiff Newport Road, Chelmsford, Cheltenham, Croydon, Derby, Dundee, Durham, Edinburgh Fort Kinnaird, Enfield, Gateshead, Gloucester Quays, Halifax, Jersey, Leeds, Leeds Trinity, Leicester, Lincoln, Manchester Royal Exchange, Newcastle Eldon Square, Newport, Northampton, Prestwich, Romford, Sale, Solihull, Southampton West Quay South, Speke, Sutton Coldfield, Swansea, and Watford North. Hostmore, the former owner of TGI Fridays’ UK franchise, filed for administration in September, citing a “very challenging set of circumstances” that the group was unable to find a lasting solution for.