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Pizza Chain Set to Close Cheltenham Restaurant Among Spate of UK Closures
The restructuring comes as Fulham Shore says higher taxes and costs have left some sites unsustainable, with affected staff to be supported.
- On Wednesday, Franco Manca announced a Company Voluntary Arrangement, planning to close around 16 UK restaurants and putting around 225 jobs at risk as part of a formal restructuring process.
- Chief executive Marcel Khan cited "significant increases in national insurance and the national living wage" as primary drivers, citing lack of business rates relief and high VAT that rendered some sites "no longer sustainable."
- Parent group The Fulham Shore, which also operates The Real Greek, was bought by Toridoll and Capdesia for £93.4 million in 2023 and began reviewing strategic options two months ago.
- Uncertainty remains for locations like Leeds, as the company has not disclosed which of its roughly 70 restaurants will close, though it pledged to support affected staff throughout the process.
- The CVA allows the business to renegotiate rents and exit underperforming sites, positioning Franco Manca to stabilize operations amid ongoing financial pressures impacting the UK hospitality sector.
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Total News Sources19
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
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