Famous Brands hit by Covid-19 as sales fall
Reduced consumer spending and foot traffic affected the group’s restaurant chains
11 March 2021 - 08:53
Famous Brands, which owns Mugg & Bean and Wimpy restaurant chains, said on Thursday the fallout of the coronavirus has a had major effect on its sales.
Like many other restaurants in the world, Covid-19 threw a spanner in the works in various forms, including reduced foot traffic at malls as the government imposed measures to control the spread of the virus. In addition, the economic consequences of the virus, with many people losing their jobs, hit consumer spending...
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