Famous Brands reports growth in half year sales despite straining UK business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor has reported a 6% rise in systemwide sales for half year ended August 2019 despite a slump in sales at Gourmet Burger Kitchen (GBK) as it […]

Famous Brands earnings to be hit by US$61m impairment from UK Gourmet Burger

SOUTH AFRICA – South African restaurant franchisor Famous Brands has announced that it expects to register US$61.06 million (R874m) impairment from its UK restaurant business, GBK which has failed to meet performance expectations, according to […]

Famous Brands sales grow 6.7% even as losses from UK’s GBK more than tripled

SOUTH AFRICA – Famous Brands, JSE listed and Africa’s leading quick-service franchisor has reported 6.7% growth in sales despite a loss from Gourmet Burger Kitchen (GBK) which more than tripled in the UK, Business Day […]

Famous Brands expects to report US$9.21m loss from Gourmet Burger deal

SOUTH AFRICA – The South African fast-food franchises, Famous Brands said it expected to report a US$9.21m operating loss from the UK acquisition of Gourmet Burger Kitchen (GBK) in the financial year ending February results. […]