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Tue,22Jan2019

Famous Brands

South Africa's Famous Brands buys British burger chain at lower price after Brexit

Photo©Chris Ratcliffe/AP/SIPASouth African fast food group Famous Brands bought Britain's Gourmet Burger Kitchen (GBK) for 2.1 billion rand ($143.3 million), saving nearly a fifth on the price due to the weaker pound in the wake of Brexit, the firm said on Thursday.

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South Africa's Famous Brands buys control of Botswana franchise partner

Famous Brands Chief Executive Kevin Hedderwick. Photo©ScreenShotSouth Africa's biggest fast-food restaurant chain Famous Brands will take a 51 percent stake in its Botswana franchise partner, it said on Tuesday, ahead of a potential broader foray in the rest of Africa.

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