Famous Brands cheers slight uptick in UK business

Famous Brands, the owner of the Steers, Wimpy and Debonairs Pizza brands, appears to have turned around the fortunes of its struggling Gourmet Burger Kitchen (GBK) business, whose value it has written down by more than R1bn since 2016.

GBK, a restaurant chain in the UK specialising in gourmet burgers, has been a drag on the group’s profits amid poor trading conditions due to uncertainty around Brexit, the rise of online food delivery and heightened competition in the premium burger segment there...

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