The casual dining group behind the Franco Manca and The Real Greek restaurant brands, working with Alvarez & Marsal to review its options, which could include a sale or restructure.
The group said the review would “ensure both brands are on the strongest possible footing to realise their long-term potential” during what it described as a challenging trading environment that had affected operators across the restaurant sector.
“While sales performance across Franco Manca and The Real Greek remains relatively robust, the current macroeconomic environment continues to place pressure on parts of the casual dining sector,” says Fulham Shore chief executive Marcel Khan.
“Against this backdrop, Fulham Shore has appointed Alvarez & Marsal to undertake a thorough review of strategic options to ensure both brands are on the strongest possible footing to realise their long-term potential.
“There is no fixed timetable for this review, and no certainty that it will result in any particular outcome. Any decisions will be taken carefully, with a clear focus on long-term value creation and sustainability.”
Fulham Shore, which operates around 70 Franco Manca pizzerias and 28 The Real Greeks, was acquired by Japanese food conglomerate Toridoll Holdings for £93.4m in June 2024.
At the time of acquisition, Toridoll said it recognised the opportunity for Fulham Shore to expand its UK estate as well as internationally.