The Real Greek restaurant chain on brink of collapse
Summary
The Real Greek, a UK restaurant chain with 28 locations, may close soon because it is no longer financially sustainable. Its Japanese owner, Toridoll, which bought the chain’s parent company in 2023, said rising costs for energy, food, and wages have made running the restaurants too expensive.Key Facts
- The Real Greek has 28 outlets across the UK, nearly half in London.
- Toridoll, a Japanese company, owns The Real Greek’s parent company, The Fulham Shore.
- Toridoll plans to appoint administrators for The Real Greek, which means it may go into financial trouble or close.
- The Real Greek has been more affected by economic problems than The Fulham Shore’s other chain, Franco Manca.
- Rising costs of energy, food, labor, and business rates have made running The Real Greek difficult.
- The chain began in London in 1999 and offers Greek-style food in a casual setting.
- Karali Group, owner of Cote Brasserie, might be interested in buying some of the restaurants.
- The hospitality industry in the UK has been facing increased financial pressures due to inflation and cost rises.
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