Franco Manca has confirmed that its Hove restaurant, located on Church Road, will shut, after a restructuring plan was approved by creditors.
The restaurant’s parent firm The Fulham Shore said it planned to close the sites as part of a company voluntary arrangement (CVA) process, which will hit around 225 jobs.
A vote on the CVA proposal was backed by more than 90 per cent of creditors.
Marcel Khan, chief executive of The Fulham Shore, said: “We are grateful for the support shown by our creditors today.
“Franco Manca is a fantastic brand with a strong heritage and loyal customer base.
“With this agreement in place, we will put the business back on a firm footing and press ahead with strengthening our customer offer and performance.”
The pizza brand currently runs 70 restaurants in the UK but said it had been impacted by “disproportionately high” UK taxes and a lack of business rates relief for restaurants, meaning some sites were “no longer sustainable”.
Last week, The Fulham Shore placed its sister restaurant brand The Real Greek into administration, which will see the closure of nine of its 28 restaurants.
Paul Berkovi, managing director of Alvarez & Marsal, said: “Today’s vote saw a significant majority of the company’s creditors support the CVA, reflecting constructive engagement across stakeholders.
“Against a challenging backdrop for the sector, this is an important step for Franco Manca, enabling the business to complete its financial restructuring and secure the platform for its operational transformation.”
Among the other Franco Manca sites to close are Battersea, Plymouth and Glasgow.
The restaurant chain’s Brighton venue is unaffected by the closures.
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