Franco Manca to close 16 restaurants in move that will cost 200 jobs
Several Franco Manca sites will be closed in a restructuring plan (Alamy/PA)
Pizza chain Franco Manca will close 16 of its restaurants, impacting approximately 225 jobs, after creditors approved a restructuring plan.
The closures are part of a company voluntary arrangement (CVA) process, which received over 90 per cent backing from voting creditors.
Parent company The Fulham Shore cited “disproportionately high” UK taxes and a lack of business rates relief as reasons for the affected venues being “no longer sustainable”.
This follows the recent administration of its sister brand, The Real Greek, which also saw nine restaurant closures despite being acquired by Cote owner Karali Group.
Marcel Khan, chief executive of Fulham Shore, stated that the agreement would put the business on a firm footing and strengthen its customer offer.
