Hostmore

Hostmore set to acquire TGI Fridays’ US business

16-Apr-2024 By James McAllister

Hostmore, the owner of the TGI Fridays UK franchise, has reached an agreement for a proposed all-share acquisition of TGI Fridays in the US for a value of £177m.

TGI Fridays owner reports flat sales growth

16-Jan-2024 By Restaurant

Hostmore has reported flat sales growth in a half year update, with the company saying it is making progress in its turnaround strategy.

Hostmore reports progress on cost reductions

29-Sep-2023 By Shwetali Sapte

Hostmore has announced interim results for the 26 weeks ended 2 July 2023 (H1), with total revenue of £93.6m.

TGI Fridays owner reports further sales decline

07-Jun-2023 By Restaurant

TGI Fridays owner Hostmore has reported a 3% decline in like-for-like (lfl) sales for the 22 weeks to 4 June 2023 – down from -1% in the first 16 weeks.

Julie McEwan appointed permanent CEO at Hostmore

03-May-2023 By Georgi Gyton

Julie McEwan has been confirmed as the permanent CEO at Hostmore, having led the business on an interim basis since January.

The Lowdown: staff meals

21-Apr-2023 By Joe Lutrario

US-themed casual dining chain Fridays has chosen to defy industry norms by ditching free staff food.

Petition launched after Fridays chooses to scrap staff meals

20-Apr-2023 By James McAllister

Unite Hospitality has launched a petition calling on Fridays to reinstate free staff meals after it was revealed the casual dining chain is to scrap the benefit for its employees.

Robert Cook resigns as CEO of Fridays owner Hostmore

10-Jan-2023 By Restaurant

Robert Cook has stepped down as CEO of Fridays owner Hostmore with immediate effect.

Hostmore to pause new openings

22-Sep-2022 By Georgi Gyton

Fridays and 63rd+1st parent company Hostmore has said it is not planning to open any new restaurants in the first half of the 2023 financial year.

Hostmore narrows losses in maiden results as publicly listed company

14-Mar-2022 By Restaurant

Hostmore has reported an increase in total revenues to £159m, up from £129.1m, during the 53 weeks ended 2 January 2022, versus the comparable 52-week period the year before.

63rd+1st to reach five sites in a year as it announces Edinburgh opening

03-Feb-2022 By James McAllister

Cocktail-led bar and restaurant brand 63rd+1st has announced plans to open in Edinburgh in the second quarter of 2022, its fifth site since the Fridays-inspired offshoot launched last year.

Fridays and Go to debut in Dundee

19-Jan-2022 By James McAllister

Fridays has confirmed it will launch its first QSR site in March in Dundee, Scotland, with an aim to open up to 30 additional sites.

Hostmore admitted to London Stock Exchange

03-Nov-2021 By Restaurant

TGI Fridays and 63rd+1st parent company Hostmore has completed its demerger from Electra Private Equity and been admitted to the London Stock Exchange.