Famous Brands restores dividend amid ‘fierce competition’
The restaurant owner turns last year’s loss into a profit and gets debt back to comfortable levels
31 May 2022 - 10:02
UPDATED 31 May 2020 - 18:55
Restaurant group Famous Brands, the owner of Wimpy, Steers, Debonairs and Vovo Telo, has resumed paying dividends as it reversed last year’s loss into a profit and met debt obligations.
As the economy opened up in 2021, the company that makes money from restaurant franchise fees reported a R355m profit in the year to end-February after a loss of R105m...
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