Fulham Shore swallows Franco Manca pizza chain in £27.5 million deal

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The sourdough pizza chain was founded by Giuseppe Mascoli and started with one restaurant in Brixton Market in 2008.

 

It now has 10 branches across the capital, including two which arrived last year in South Kensington and East Dulwich.

Fullham Shore already operated the Tottenham Court Road Franco Manca, a relationship that encouraged Fullham to pursue the deal.

“Franco Manca’s short, simple menu can support good restaurant margins. This has been demonstrated by the Group’s existing franchise at Tottenham Court Road which has been operating for over a year,” it said in a statement.

Page, a 30-year veteran of Pizza Express, also founded and chaired Clapham House, the owner of the Gourmet Burger Kitchen and Bombay Bicycle Club.

Franco Manca will join the Real Greek restaurant chain as part of Fullham Shore’s portfolio.

Source Article from http://www.standard.co.uk/business/business-news/fulham-shore-swallows-franco-manca-pizza-chain-in-275-million-deal-10143936.html

March 30, 2015 |
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