The Real Greek restaurant chain has collapsed into administration, putting 28 locations across the UK at risk of closure. The chain, which operates a restaurant in Solihull, is part of Toridoll Holdings Corporation. The company's board has resolved to begin insolvency proceedings after suffering losses of more than £1.4 million in the year ending March 2025. Total liabilities now stand at £13,352,000.
Potential rescue deal
According to reports, the Karali Group, which owns the French brasserie chain Côte, is in talks to acquire a portion of the business. However, the deal is expected to cover only 10 to 15 sites, and it remains unclear which locations would be included.
Industry pressures
Toridoll Holdings also owns Franco Manca, which previously announced plans to shut down 16 locations. The company has cited 'disproportionately high' UK taxes and the lack of business rates relief as key factors behind the closures. Marcel Khan, chief executive of parent company Fulham Shore, previously stated: 'Even restaurant businesses that are doing all the right things from a customer and operational perspective are not immune to widely publicised pressures impacting the hospitality industry.'
He added: 'As a result of these external cost pressures, we have to make sure that we are putting our business on a sustainable footing for long-term growth and development. This is why we have taken the difficult decision to undertake a CVA for Franco Manca, which will see a minority proportion of our restaurants closing where they are no longer sustainable in this cost environment.'
The Real Greek's collapse adds to a growing list of hospitality businesses struggling under economic pressures, with rising costs and reduced consumer spending taking a toll on the sector.
