Franco Manca has confirmed 16 sites will be SHUT with 225 jobs lost. Franco Manca is set to close 16 venues after a restructuring plan was approved by creditors. The pizza brand currently has 70 restaurants but said it has been knocked by “disproportionately high” UK taxes, it warned. The affected restaurants were “no longer sustainable” as a result. Marcel Khan, chief executive of 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. READ MORE People on seven DWP benefits 'really' worried about rule change from July “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.” 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.” Battersea Bishops Stortford Brixton Broadway Market Bromley Cheltenham Chiswick Didsbury Glasgow Hove Kilburn Lincoln New Oxford Street Plymouth Stoke Newington Tottenham Court Road It comes days after it emerged The Real Greek restaurant chain has been rescued from the brink of collapse after the owners of Cote Brasserie stepped in to buy 19 of its 28 outlets. The Real Greek's owners had announced they planned to appoint administrators for the Mediterranean restaurant business. However, Karali Group, which late last year bought the 70-strong Cote Brasserie chain, has made an offer for most of the smaller operator's sites. A statement on behalf of The Real Greek's parent company, Fulham Shore, said 358 out of 509 jobs would be saved, the BBC reported last week.