Jersey has been left out of 51 TGI Fridays being saved across the British Isles.
Breal Capital and Calveton UK have bought most of the 87 American-themed bars and restaurants, saving around 2,000 jobs across the UK - although 1,000 further employees are being made redundant.
As part of the rescue deal, Breal Capital and Calveton UK have acquired 51 restaurants after the group's previous operator fell into administration.
But, joint administrators at Teneo said 35 restaurants, including the Channel Islands' sole outlet, have not been included in the sale and have been closed immediately, resulting in 1,012 redundancies.
However, it is still uncertain whether the Waterfront-based restaurant will close its doors permanently. In a statement, the chain said it is 'hopeful' that it can secure further locations 'following discussions with landlords'.
Julie McEwan, Chief Executive of TGI Fridays UK, says we are devastated for our colleagues who will be leaving TGIs:
"We would like to thank our team and our loyal guests for supporting us during this transition."
The national trade union Unite said on social media platform X:
"1000 jobs gone in a flash.
"If this were any other sector, the (UK) Government would have stepped in by now but not hospitality.
"We are expendable."
The loss of TGI Fridays to Jersey's Waterfront complex would be a further blow to the St Helier district, following the closures of Pizza Hut, Arcadia, Wysiwyg and The Bar which have large empty units opposite the new Horizon apartments.
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