The Real Greek restaurant chain has been partially rescued from administration after the Karali Group acquired 19 of its 28 outlets on May 1, 2026, but this rescue comes with significant consequences including the closure of nine locations and over 150 job losses.
Documents show that as part of the restructuring, 358 out of 509 jobs will be saved, while the central kitchen operation will be shut down. The closures will affect sites in London, Bristol, and Scotland, marking a substantial shift for a brand that has been a staple of the UK casual dining scene since its inception in 1999.
The Real Greek’s financial difficulties have been underscored by its last set of accounts, which revealed an operating loss of £3.6 million. This financial strain prompted the owners to consider appointing administrators prior to the rescue deal.
The restructuring plan is part of a broader initiative across Fulham Shore’s portfolio, which also includes Cote Brasserie and Franco Manca. The hospitality sector in the UK is currently experiencing challenges due to rising costs and inflation, which have compounded operational pressures.
Key facts:
- The Real Greek was founded in London in 1999.
- Karali Group purchased 19 outlets out of a total of 28.
- Nine locations are set to close as part of the restructuring process.
- The central kitchen operation will be terminated.
- The deal followed the administration of Toridoll, Fulham Shore’s parent company.
Marcel Khan, a representative from Karali Group, expressed optimism regarding the transaction, stating it would ensure that the business is placed on a more sustainable footing for the future. He added that they would do everything possible to support affected colleagues during this transition.
In light of these developments, Paul Berkovi remarked on the collaboration with The Real Greek’s management team to complete a transaction that secures a future for a beloved restaurant group enjoyed by diners for many years. However, the economic impact on dining remains a pressing concern as job losses mount within the industry.