Breal Capital the Private Equity Group that is behind buyouts that have seen it (or an umbrella company) acquire craft brewers Black Sheep, Purity, Brew By Numbers and Brick is one of those involved in a rescue deal for the dining chain TGI Fridays.
As part of the deal a number of locations will close and Unite the Union which represents workers has said that 1,000 workers have been sacked without consultation (as required by redundancy law)locked out and left with no clarity if outstanding wages will be paid.
Not really the kind of business practices which might be expected from the owner of craft breweries….
Leave a Reply