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Franco Manca owner explores strategic options in tough market

Feb 20, 2026, 4:20 PM10
(Update: Feb 20, 2026, 4:20 PM)
Restaurant business with multiple brands
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Franco Manca owner explores strategic options in tough market

  • Fulham Shore has hired Alvarez & Marsal to review its strategic options, potentially including a sale.
  • The restaurant sector faces significant challenges due to rising costs and consumer spending issues.
  • This review reflects ongoing efforts to ensure both Franco Manca and The Real Greek can succeed in a tough environment.
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In the United Kingdom, Fulham Shore, the group behind the Franco Manca and The Real Greek restaurant brands, has engaged Alvarez & Marsal for a strategic review. The review aims to identify options for the companies, which may include selling part or all of the business due to the tumultuous conditions in the restaurant industry driven by rising costs and lower consumer spending. The company has been facing substantial challenges, mirroring issues experienced across the casual dining sector, which have prompted many companies to seek administrative assistance since earlier this year. The review's announcement follows earlier financial assessments indicating that the company had been struggling to perform in a sluggish market. The chief executive of Fulham Shore, Marcel Khan, remarked on the relatively strong sales performance of both brands; however, the macroeconomic factors are still exerting pressure. This review does not have a set timeline, and outcomes might vary, but they will focus on ensuring sustainability and long-term value creation for both restaurant lines. Toridoll, a Japanese company that acquired Fulham Shore in 2023, has also been closely monitoring the viability of the brand in the UK market. The acquisition is part of Toridoll's strategy to expand its portfolio in the food sector, known for brands such as Marugame Udon and Shoryu. Preliminary reports suggest that Fulham Shore is implementing strategies to improve productivity and profitability, particularly through an enhanced focus on delivery promotions—a sector gaining traction due to the evolving consumer preferences post-pandemic. Overall, while the hospitality landscape remains challenging, both Fulham Shore and its parent company, Toridoll, are hopeful that by addressing these issues and making strategic alterations, they can position themselves better for the long haul. The outcome of the Alvarez & Marsal review will likely influence the direction and operations of Fulham Shore's brands, as they work to adapt to the current circumstances of a difficult restaurant market.

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