Famous Brands aims to expand into three African countries
The owner of Wimpy, Steers and Debonairs is eyeing Ivory Coast, Egypt and the Democratic Republic of the Congo amid falling profit
Restaurant group Famous Brands, the owner of Wimpy, Steers, Debonairs and Fishaways, aims to expand into three more African countries despite its interim profit falling as it blamed load-shedding for reduced demand and increased costs.
The group, which has 311 restaurants in the rest of Africa and the Middle East including some that are company-owned and franchises, did not address the Africa expansion in detail but said in a statement it will “cautiously” enter three new markets: Ivory Coast, Egypt and the Democratic Republic of Congo (DRC)...
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