The Real Greek to Close Nine Sites as Karali Group Acquires Majority of Chain

In Brief

The acquisition preserves most jobs and outlets at The Real Greek, but some closures and layoffs are expected as part of the restructuring.

Key Facts

• The Real Greek's parent company Fulham Shore submitted a notice of intent to appoint administrators.
• Karali Group, owner of Cote Brasserie, is acquiring 19 out of 28 The Real Greek restaurants.
• Nine of The Real Greek's 28 outlets will close as a result of the administration process.
• A total of 151 jobs will be lost due to the closure of these nine sites.
• Toridoll controls Fulham Shore, the parent company of The Real Greek.

What Happened

The Real Greek restaurant chain entered administration, leading to the closure of nine sites and the loss of 151 jobs, while the Karali Group is acquiring the remaining 19 locations.

Why It Matters

The deal prevents a complete collapse of The Real Greek, safeguarding the majority of its workforce and locations, but also highlights ongoing challenges in the UK restaurant sector.

What's Next

The Karali Group will take over the 19 acquired sites, while the closed locations will cease operations. Further developments in the restructuring process may follow.