Burger King hits milestone of 80 outlets
Grand Parade Investments is likely to continue roll-out of stores in next financial year after achieving its five-year franchise contractual obligation
An accelerated roll-out programme that helped empowerment company Grand Parade Investments (GPI) achieve its contractual obligation of opening 80 Burger King stores in five years is likely to continue in the financial year ahead. On Monday GPI, which secured the master franchise agreement for the iconic food brand five years ago, confirmed the opening of its 80th Burger King restaurant, at the Kolonnade Retail Park in Tshwane. This is an important milestone for GPI. If the company had not met the stipulated target of 80 restaurants, there was a risk of losing exclusivity on the Burger King franchise. GPI said the Kolonnade outlet was the 20th Burger King restaurant to be opened by GPI for the financial year to the end of June. The company indicated that plans were on track to open 20 more restaurants by the next financial year. Burger King CEO Juan Klopper said the brand continued to grow in the South African market. "We now have 35 ‘drive-thrus’ in a restaurant network achieving re...
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