SOUTH AFRICA – South African restaurant franchisor, Famous Brands has offloaded its long-time struggling British fast-food operation, Gourmet Burger Kitchen (GBK) to Boparan Restaurant Group (BRG), a UK based restaurant group owner. The deal comes days after GBK had entered administration, looking for buyers after becoming the latest victim of brutal trading conditions in the face of Covid-19 which made Famous Brands cut funding to it. The purchase being a rescue deal, according to administrator Deloitte is said to save 35 restaurants and 669 jobs. However, more than 360 people…
Read MoreUK restaurant franchisor BRG acquires South African owned Gourmet Burger Kitchen
