According to legal database Caseboard, Liberty Bar and Restaurant Group, the company used by Sugarloaf to manage the worldwide TGI Fridays brand, filed the notice on 19 December, mirroring their earlier submission on 5 December.
Made via the law firm Reed Smith, the move seeks a further 10 days to secure either an investment or a sale of its 49 UK locations.
The company’s future was also called into question after Sugarloaf, led by Ray Blanchette, brought in financial advisers Interpath to explore a potential sale of the UK group, just a month after acquiring the business.
Sugarloaf acquired the business from Calveton UK and Breal Capital in October 2025, in a deal which saw holding company Liberty Bar and Restaurant Group transfer to Sugarloaf TGIF Management LLC.
The president of TGI Fridays International Franchising Phil Broad had previously insisted that all the sites would remain operational over Christmas.
When the company filed on the 5 December, Broad told BusinessLive that the notice “brings the new owners, who assumed control last month, closer to securing and strengthening the long-term future of TGI Fridays in the UK”, adding, “The priority is to protect TGI Fridays employees and its restaurants.”
The UK franchise had also filed for administration in 2024 under the owner Hostmore before it was bought by Breal and Calveton in October of that year.