Famous Brands, the restaurant chain that burnt its fingers with the now infamous acquisition of the Gourmet Burger Kitchen in the UK in 2016, swung to a loss in the year to end-February.

The SA company, which owns Mugg & Bean and Wimpy chains among other brands in the portfolio, has also been dealt a big blow by Covid-19, which turned the industry on its head through the collapse in foot traffic at sit-down restaurants and intermittent bans on the sale of alcohol that was meant to relieve pressure on hospitals...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now