The prestigious Leicester Square site that TGI Fridays secured after it was vacated by Yates’s wine bar will feature an open kitchen capable of serving up to 320 covers when it opens later this year, it has been revealed.
The £3.5m restaurant is due to begin trading this November and will kick-start a period of expansion for the American-themed chain, whose business is reported to have grown 10% this year.
Eight restaurants are planned for 2016 to cap the four that TGI intends to launch before the end of this year. It currently operates around 70 restaurants in the UK.
The Leicester Square site will have seating for 260 people as well as 60 external covers. It will create 150 new jobs due to the scale of it.
Karen Forrester, CEO for TGI Fridays UK, stated: “We’re incredibly excited to be expanding the ever-increasing Fridays family, and opening our flagship store in London’s vibrant Leicester Square. This landmark opening comes at an important time for the brand this year.”
Next year is TGI’s 30th anniversary in the UK. The UK franchise is owned by Electra Partners after it acquired it last year, investing £99m of equity in the deal.
Recently Electra announced that Murray Hennessy had been appointed non-executive chairman of TGI Fridays. He boasts a wealth of board-level experience and an impressive track record of delivering growth in consumer-facing industries with companies such as Avis, John Lewis and Trainline.com.