The Real Greek Faces Closure Amid Cost Pressures in UK Market

AI Summary

The Real Greek, a restaurant chain with 28 outlets in the UK, may close due to unsustainable business conditions, according to its parent company The Fulham Shore. Toridoll, which owns The Fulham Shore, plans to appoint administrators, noting that The Real Greek has been harder hit by economic pressures than its other chain, Franco Manca. The hospitality sector in the UK faces challenges from rising business rates, energy, and labor costs, exacerbated by high inflation. A potential buyer, the Karali Group, has shown interest in acquiring some of the restaurants.