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Restaurant Chain with Liverpool ONE Site Set to Close Nine Venues
Karali Group will keep 19 of 28 restaurants open and protect 358 jobs as The Real Greek closes nine sites in a rescue deal.
- On Friday, Cote owner Karali Group announced a rescue deal for The Real Greek after parent company Toridoll entered administration, preserving 19 of the chain's 28 restaurants nationwide.
- Toridoll stated that high inflation, rising energy costs, and minimum wage increases in the UK created a "more challenging operating environment" for the brand than for sister company Franco Manca.
- Administrators from Alvarez and Marsal confirmed 151 redundancies, though the deal safeguards 358 staff members; the chain's central kitchen will also cease operations.
- Last month, a company voluntary arrangement process for Franco Manca was launched, resulting in 16 outlet closures and 225 job losses across the sister brand.
- The BBC reported that closures include branches in Spitalfields, Westfield London, Dulwich Village, Bristol, Strand, Solihull, Gloucester Quays, Glasgow, and Edinburgh, though official timelines remain unconfirmed.
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36 Articles
36 Articles
Malvern Gazette+6 Reposted by 6 other sources
Greek restaurant chain to close 9 venues across the UK despite rescue deal
A Greek restaurant chain will close nine of its restaurants across the UK despite its other venues being saved by another company.
·Great Malvern, United Kingdom
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The Northern Echo+18 Reposted by 18 other sources
The Real Greek to shut nine restaurants and axe 151 jobs after administration
Cote owner Karali Group said it would save 19 of the group’s 28 sites in a pre-pack administration deal.
·County Durham, United Kingdom
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Coverage Details
Total News Sources36
Leaning Left5Leaning Right2Center28Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
14%
C 80%
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