“We are doing everything possible to retain our team and support those impacted,” said chief executive Julie McEwan.
She added she was “devastated for our colleagues who will be leaving TGIs and thank them for their loyalty and contribution during their time with us”.
The buyers, Breal Capital and Calveton UK, already own restaurant chains Byron Burgers and Vinoteca as well as restaurant group D&D London.
A spokesperson for the new owners said it wanted to “both modernise the business and capitalise on the heritage of this iconic brand”.
They added that the deal “preserves a significant proportion of jobs and will hopefully provide the business with the stability and support it needs to recover and grow”.
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