The Real Greek rescued by Cote Brasserie-owner

The Real Greek, which was founded in London in 1999, says its aim is to “take you to Greece” with its blue and white decor, down-to-earth atmosphere, and hummus and moussaka-laden menu.
Nearly half of its “tavernas” are in London, with the rest spread between Scotland and the rest of England.
Its last set of accounts showed an operating loss of £3.6m.
A statement from the chain’s Japanese owners echoed warnings from hospitality industry bodies in the UK, which have pointed to increasing pressure from rising business rates, energy and labour costs.
Toridoll said: “In recent years, high levels of inflation in the UK, driven by rising energy and food prices together with increase in labour costs resulting from rises in the minimum wage, have created a more challenging operating environment for the hospitality industry than initially anticipated.”




