The Real Greek Could Close as Parent Company Plans Administration
Toridoll cites unsustainable cost pressures from UK inflation, energy, food prices and minimum wage increases
Quick Look
- The Real Greek, with 28 UK outlets, faces potential closure after parent company The Fulham Shore announced plans to appoint administrators.
- Owner Toridoll, a Japanese restaurant group, said high inflation, rising energy and food prices, and increased labour costs from minimum wage rises had made the business unsustainable.
- The Real Greek has suffered more than the Franco Manca pizza chain, also owned by The Fulham Shore, from the deteriorating economic environment.
AI-generated summary
The restaurant chain The Real Greek, which has 28 outlets across the UK, could be set to close, after the company that owns it said cost pressures had made the business unsustainable. The Japanese restaurant group Toridoll, which owns the chain's parent company The Fulham Shore, said it planned to appoint administrators. The Fulham Shore also owns the Franco Manca chain but Toridoll said The Real Greek had suffered more than the pizza chain from the "deterioration in the economic environment". "In recent years, high levels of inflation in the UK, driven by rising energy and food prices together with increase in labour costs resulting from rises in the minimum wage, have created a more challenging operating environment for the hospitality industry than initially anticipated," Toridoll said, announcing the decision.
