Overview
- The Real Greek, which operates 28 UK sites, entered administration and Karali Group agreed Friday to buy 19 locations.
- Administrators Alvarez & Marsal are overseeing the transition as the rescued restaurants continue trading under new ownership.
- Nine sites will close with 151 redundancies, while 358 jobs are safeguarded according to statements from the buyer and administrators.
- The BBC listed the closing locations as Spitalfields, Westfield London, Dulwich Village, Bristol, Strand, Solihull, Gloucester Quays, Glasgow and Edinburgh.
- Toridoll, the ultimate owner, blamed high inflation, energy and food costs and higher wages for the pressures, and sister brand Franco Manca is already shutting 16 sites under a CVA with about 225 job losses.