The iconic TGI Fridays chain has been pummelled by severe economic headwinds, leading to the immediate shutdown of more than a third of its establishments in the UK. The drastic measure will see 35 of the brands 86 locations cease operations, notably including Birmingham’s Hagley Road restaurant, recognised as the very first Fridays to grace British soil since 1986.

Yet, thanks to a life-saving deal with Breal Capital and Calveton, 51 branches will persist, safeguarding around 2,400…