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'Transitional year' sees TGI Fridays owner Hostmore significantly reduce losses

'Transitional year' sees TGI Fridays owner Hostmore significantly reduce losses
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Stephen-welker

TGI Fridays operator Hostmore reduces losses to £25.5million after cutting costs

'The turnaround reduced costs, deferred cash outlays for new store openings, and improved the operations of our existing stores' - Stephen Welker, chair of Hostmore

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Money

TGI Fridays operator Hostmore narrows losses after cost-cutting

Hostmore said on Friday that 2023 was a “transitional year” as it sought to put its finances back on a strong footing.

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