The Real Greek restaurant chain has been partially rescued from administration after Karali Group acquired 19 of its 28 outlets on May 1, 2026. However, this deal comes with significant consequences, including the closure of nine locations and the loss of over 150 jobs.
As part of the restructuring, the central kitchen operation will shut down, impacting both employees and diners. A total of 358 out of 509 jobs will be preserved due to this rescue initiative.
The Real Greek, founded in London in 1999, has become a staple in the UK casual dining scene. Yet, like many in the hospitality sector, it faces challenges stemming from rising costs and inflation. The last accounts revealed an operating loss of £3.6 million, prompting owners to consider administration before the rescue deal was struck.
The closures will affect various locations, including sites in London, Bristol, and Scotland. This move aligns with a broader restructuring plan across Fulham Shore’s portfolio, which also includes the Franco Manca chain.
Key impacts:
- Nine locations of The Real Greek will close.
- A total of 151 jobs will be lost as part of this process.
- The deal was finalized following the administration of Toridoll, Fulham Shore’s parent company.
Marcel Khan from Karali Group expressed optimism about the future: “The transaction will ensure that the business is placed on a more sustainable footing for the future.” Meanwhile, Toridoll acknowledged that high inflation rates have created a challenging operating environment for restaurants.
Paul Berkovi added that they worked closely with The Real Greek’s management team to secure a future for a beloved brand enjoyed by diners for many years. As the hospitality sector continues to navigate these turbulent times, support for affected colleagues remains a priority.
