The Real Greek to close 9 sites, cut 151 jobs

The Real Greek, a popular UK chain of Greek restaurants with 28 locations nationwide, will close nine outlets and cut 151 jobs following its entry into administration, as confirmed by its new owner on Friday.

Karali Group, which owns the Cote brasserie chain, struck a pre-packaged rescue deal to acquire 19 of the restaurants, securing the future of 358 employees. The specific sites facing closure remain undisclosed, though the chain operates heavily in London, including outlets at Bankside, Marylebone, Soho, Spitalfields, St Martins Lane, St Pauls, Strand, and Tower Bridge, as well as sites across England and Scotland. Industry reports indicate the central kitchen will also shut.

The transaction followed the administration of Fulham Shore, the previous parent company owned by Japanese group Toridoll. Toridoll acquired Fulham Shore in 2023 for 93.4 million pounds with backing from investment firm Capdesia. Administrators from Alvarez & Marsal oversaw the sale.

Toridoll attributed the challenges to a deteriorating economic environment, stating that high inflation in recent years, driven by rising energy and food prices along with increased labor costs from minimum wage hikes, had...