CHRIS GILMOUR: Famous Brands’ woes compounded by UK acquisition
Company should cut its losses and ditch GBK, which is holding it back, says analyst
12 June 2019 - 05:05
Twenty years ago, Famous Brands (then known as Steers) was beginning its upwards trajectory of fundamental earnings growth as well as share price.
Its model of expansion was predominantly by acquisition and this kept on producing enviable results — until it ran out of road in SA and went one step beyond, buying Gourmet Burger Kitchen (GBK) in the UK in 2016. ..
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