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Restaurant Chain with Liverpool ONE Site Set to Close Nine Venues
On Friday, Cote owner Karali Group announced a rescue deal for The Real Greek after parent company Toridoll entered administration, preserving 19 of the chain's 28 restaurants nationwide.
Toridoll stated that high inflation, rising energy costs, and minimum wage increases in the UK created a "more challenging operating environment" for the brand than for sister company Franco Manca.
Administrators from Alvarez and Marsal confirmed 151 redundancies, though the deal safeguards 358 staff members; the chain's central kitchen will also cease operations.
Last month, a company voluntary arrangement process for Franco Manca was launched, resulting in 16 outlet closures and 225 job losses across the sister brand.
The BBC reported that closures include branches in Spitalfields, Westfield London, Dulwich Village, Bristol, Strand, Solihull, Gloucester Quays, Glasgow, and Edinburgh, though official timelines remain unconfirmed.