Until the Sars-19 pandemic struck last year, Famous Brands was something of a darling of the JSE’s small-cap sector.

Admittedly, even before the pandemic struck, it had been taking strain with its Gourmet Burger Kitchen (GBK) operation in the UK burning cash at an alarming rate. By last year-end, things were indeed looking grim, though there were nascent signs of stabilisation...

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