Franco Manca shuts 16 restaurants, blaming ‘disproportionate’ taxes Hospitality Franco Manca has taken aim at “disproportionately high” taxes facing the hospitality sector after the pizza parlour shut 16 restaurants in a structural overhaul. The privately-owned restaurant chain said it is suffering from high VAT and “significant” hikes to national insurance and minimum wages, with the site closures to cost hundreds of jobs. The move [...]
Franco Manca owner appoints advisers for possible sale Hospitality The group which owns pizza chain Franco Manca and The Real Greek restaurants has hired advisers to review its strategic options in a possible first move of a sale or restructuring. Fulham Shore said on Friday it had appointed advisors Alvarez & Marsal, and reports say a sale could be on the table. The UK’s [...]
Franco Manca and The Real Greek owner blames home workers for fall into the red despite sales rising to £100m hospitality The owner of the Franco Manca and The Real Greek restaurant chains has blamed the rise in home working for it slipping into the red.
Franco Manca creates hundreds of jobs after opening string of new restaurants April 15, 2024 Sourdough pizza restaurants chain Franco Manca slipped into the red despite its turnover rising after opening 13 new sites across the UK.