THE owner of Franco Manca and The Real Greek has been bought out in a £93million takeover deal.
Fulham Shore is swapping hands with Japanese company Toridoll, which is worth £1.5billion and owns 5,500 stores globally.
Fulham Shore currently runs 27 Real Greek restaurants and 70 Franco Mancas in the UK.
Meanwhile, Toridoll runs the Marugame Udon, Shoryu and Wok to Walk chains in the UK.
Toridoll said there was "significant opportunity" to expand its presence in the UK after taking over Fulham Shore.
The group plans to open six new UK restaurants across both brands in the 12 months ending March 2024 – but it's yet to confirm where.
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It added that it'll review the expansion plans in October 2023 at the half year.
It comes as the business said its revenue reached record levels last year.
However, the coronavirus pandemic has seen the type of restaurant that performs well change, with those close to offices struggling.
It added: “The outlook for costs, be they utilities, raw ingredients or labour continue to present challenges for all operators within the sector and we are not immune.
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"As with other operators, finding staff remains challenging.
“Thanks to both our brands’ affordable, value-for-money proposition, the group is well placed to offset these increased costs through increased menu pricing which, when they occur, will be implemented to cover costs rather than increase margins."
It comes just days after The Sun exclusively revealed the self-made billionaire Issa brothers are plotting an £8billion takeover of Subway.
The pair are understood to be eyeing up the 44,000-restaurant chain.
Where are the Franco Manca and Real Greek restaurants?
Franco Manca runs 70 restaurants across the UK, while The Real Greek operates 27.
Here is where the Franco Manco restaurants are based:
- Baker Street, London
- Belsize Park, London
- Islington, London
- Kentish Town, London
- Kilburn, London
- Muswell Hill, London
- Stoke Newington, London
- Broadway Market, London
- Canary Wharf, London
- Greenwich, London
- Westfield Stratford, London
- Balham, London
- Bermondsey, London
- Blackheath Village, London
- Brixton, London
- Bromley, London
- East Dulwich, London
- Kingston, London
- Northcote Road, London
- Putney, London
- Southfields, London
- Tooting Market, London
- Wimbledon, London
- Chiswick, London
- Ealing, London
- Earl's Court, London
- Richmond, London
- Westbourne Grove, London
- Aldwych, London
- Bishopsgate, London
- Broadgate Circle, London
- Covent Garden, London
- Holborn, London
- King's Cross, London
- London Bridge, London
- Russell Square, London
- Soho, London
- South Kensington, London
- St Paul's, London
- Tottenham Court Road, London
- Victoria Nova, London
- Waterloo, London
- Leeds
- Manchester Didsbury
- Manchester King Street
- Manchester Piccadilly Gardens
- Manchester Trafford Centre
- Birmingham
- Cambridge
- Lincoln
- Peterborough
- Bath
- Bishop'sStortford
- Bournemouth
- Brighton
- Bristol
- Canterbury
- Cheltenham
- Chichester
- Exeter
- Guildford
- Hove
- Oxford
- Reading
- Southampton
- Windsor
- Edinburgh St Andrews, Scotland
- Edinburgh Stockbridge, Scotland
- Glasgow, Scotland
- Cardiff, Wales
- Athens, Greece
Meanwhile, The Real Greek's restaurants are based in:
- Bankside, London
- Bluewater
- Bournemouth
- Bracknell
- Bristol
- Covent Garden
- Dulwich Village
- Edinburgh
- Glasgow
- Gloucester Quays
- Manchester Corn Exchange
- Manchester Trafford Centre
- Marylebone, London
- Muswell Hill, London
- Newcastle
- Norwich
- Reading
- Soho, London
- Solihull
- Southampton
- Spitalfields, London
- St Martin's Lane, London
- Strand, London
- Tower Bridge, London
- Westfield, London
- Westfield Stratford City, London
- Windsor
Franco Manca started as a pizzeria in Brixton Market, London, in 1986.
By 2008 it had been taken over by Giuseppe Mascoli who gave it the Franco Manca name.
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It now runs dozens of restaurants in London, Cardiff and even Athens, Greece.
The Real Greek serves Greek food, opening its first restaurant in 2014.
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