The Real Greek Rescued by Cote Brasserie Owner as Nine UK Restaurants Close

The Real Greek has been rescued by the owner of Cote Brasserie following a period of administration, though the rescue deal necessitates the closure of nine UK restaurants and the loss of 151 jobs.

The acquisition ensures the survival of the Mediterranean chain, but the restructuring plan involves a strategic reduction of its physical footprint to stabilize the business.

Restructuring and Job Losses

As part of the administration process, the company confirmed it will shut nine of its venues across the United Kingdom. This consolidation is expected to result in the loss of 151 positions.

The closures include a complete withdrawal from the Scottish market, with the chain set to close all of its branches in Scotland.

In England, the list of closures includes several high-profile locations. Specifically, the venue at Cabot Circus in Bristol is among the nine sites slated for closure.

Further closures are confirmed for the Greater Manchester area, including branches located at the Trafford Centre and the Corn Exchange.

Acquisition by Cote Brasserie Owner

The rescue of The Real Greek was facilitated by the entity that owns Cote Brasserie. The move allows the brand to continue operating a significant portion of its estate under new ownership after facing financial instability that led to its administration.

The administration process is a common mechanism for distressed hospitality brands to shed unprofitable leases and debt while preserving the core brand and its most viable locations.

By exiting the Scottish market and closing underperforming sites in major English cities, the new owners aim to streamline operations and improve the long-term financial viability of the chain.

Regional Impact

The impact of the closures is most acute in Scotland, where the brand will no longer have a presence. The total exit from the region marks a significant shift in the company’s geographic strategy.

In Bristol and Manchester, the closure of sites in primary shopping and leisure hubs—such as Cabot Circus and the Trafford Centre—indicates a move away from certain high-cost or low-yield rental agreements.

The 151 job losses represent the human cost of the restructuring, as the company balances the need for survival with the necessity of cutting operational overhead.