Overview
- Franco Manca, which won backing from more than 90% of voting creditors on Tuesday, will now shut 16 UK sites and place about 225 roles at risk.
- The closures include nine in London and the original Brixton branch, with other named sites in Battersea, Chiswick, Kilburn, Plymouth, and more.
- The plan uses a company voluntary arrangement, a legal process that lets a company agree new terms with creditors and continue trading during a restructure.
- The owner said the affected restaurants are no longer sustainable because of high UK taxes, no business rates relief for restaurants, and rising employer costs.
- Related strain hit sister brand The Real Greek last week, when Karali Group bought most of it out of administration but confirmed nine closures from 28 sites.