The Real Greek restaurant chain has been partially rescued from administration after a deal was struck on May 1, 2026, but it will still close nine locations and cut over 150 jobs across the UK. The Karali Group has acquired 19 of the chain’s 28 outlets, aiming to stabilize the brand amidst ongoing challenges in the hospitality sector.
Key details:
- 358 out of 509 jobs will be saved as part of the rescue deal.
- The closures include sites in London, Bristol, and Scotland.
- The chain reported an operating loss of £3.6 million in its last accounts.
The Real Greek, founded in London in 1999, has become a staple of UK casual dining. However, it now faces significant restructuring as the parent company, Fulham Shore, grapples with rising costs and inflation that have plagued many in the hospitality industry. The central kitchen operation will also be shut down as part of this process.
Paul Berkovi, a representative of Karali Group, expressed optimism about the future: “We have worked closely with The Real Greek’s management team and are pleased to have completed a transaction that secures a future for a restaurant group enjoyed by diners over many years.” Meanwhile, Marcel Khan emphasized the need for sustainability moving forward, stating that “the transaction will ensure that the business is placed on a more sustainable footing for the future.”
Yet these changes come at a cost: job losses are inevitable. Fulham Shore’s restructuring program aims to adapt to a challenging environment where high levels of inflation—driven by rising energy and food prices—have created hurdles for many restaurants.