Before Waxy O’Connor’s opened in Soho the mid-90s the TGI unit at Haymarket took more money than any licensed venue in the country. It used to comfortably take six figures a week in the early nineties, which was an astonishing sum of money back then. In relative terms that’s more than the Manchester and Birmingham Schloss each takes now.
Visited quite a few up and down the country up to about twenty years ago, but as others have said they became increasingly expensive for what they were. Went with my dad to the one next to Wembley after the Cup final last May and was shocked at the cost versus the quality on offer. It was nearly as disappointing as the game!
So not altogether surprising really, but I think it could survive in a smaller format. They’ll have some poorly performing units with huge rents which will have dragged the rest down, so I think the IP will most likely fuck those off and maybe sell the good units (of which there are several) as a job lot in the current format, give or take. Think there’s still probably a market for the brand, albeit in a slimmed down form.