SOUTH AFRICA - South Africa’s Grand Parade Investment (GPI), which represents Burger King saw its pay policy rejected after 60.6% votes cast by investors went against the remuneration policy,reports Business Day. “I think shareholders know that fundamentally Grand Parade has not performed for at least three years, so why should the revolving door of management…
INDIA - Delhi based coffee firm SardarBuksh has agreed to change its name after the Delhi High Court ruled that its name rhymed with that of the American coffee company, Starbucks. SardarBuksh will run its business under the trademark Sardarji-Bakhsh, even though its logo, which like Starbuck's is a circle of green and black with…
ASIA - Everstone Capital, India’s investment firm which operates the franchise Burger King plans to sell 20% of its stake in the quick service restaurant chain, reports ET Retail. While Everstone holds about 88% of Burger King India, the parent Burger King Worldwide holds 12% stake in the restaurant. According to two people familiar with…
SOUTH AFRICA - The American global chain of hamburger fast food restaurants, Burger King has opened its 80th restaurant in Tshwane, Gauteng Province, South Africa surpassing Grand Parade Investments’ (GPI) ambition to reach 75 stores for the iconic food brand. This is a continuation by the empowerment company to roll out more stores in the…
SOUTH AFRICA - The food and gaming firm, Grand Parade Investments (GPI) is reducing part of 18.5% stake it holds in the steakhouse restaurant chain Spur Corporation as it shifts focus to its global hamburger franchise, Burger King SA. According to the Business Report, the sudden move to focus on the Florida-based chain of fast…
SOUTH AFRICA - Empowerment company Grand Parade Investments (GPI), which is trading at close to a 12-month low, says it is confident of reaching the 75-store target for fast-food business Burger King by the end of June 2018. GPI – which has opened 70 Burger King stores across SA since securing the master franchise deal…
INDIA - American fast-food chain Burger King, in the second year of its India operations, grew 69% to post sales of Rs 237 crore during FY17 when most quick-service restaurants were struggling with stagnant sales. In the 2016-17 fiscal, the company generated average sales of Rs 2.7 crore from each of its 88 outlets opened…
KENYA – American fast food chain Burger King on Monday opened its first outlet at the Hub Mall in Karen, becoming the latest international food brand to set up in the country in the last three years.
KENYA – American fast food chain Burger King on Monday opened its first outlet at the Hub Mall in Karen, becoming the latest international food brand to set up in the country in the last three years.
KENYA – American fast food chain Burger King on Monday opened its first outlet at the Hub Mall in Karen, becoming the latest international food brand to set up in the country in the last three years.
