Pizza chain tops off 25 years
People will eat out... and I think they will go to the places that are their favourite places... where they feel they get value
Pizza group Col'Cacchio celebrates its 25th anniversary this year, having started with one store on the foreshore in Cape Town before expanding into a successful group of 35 franchised outlets nationwide. But co-founder and MD Michael Terespolsky said the current times are the worst the chain has experienced. "In the almost 26 years, without a shadow of a doubt, these are the toughest of times," said Terespolsky. "You can absolutely feel it. Competition in the market is at an all-time high, it's very fierce ... everybody is fighting for a share of the wallet. "We're competing with supermarkets, which are now selling fresh pizzas and Italian food. They've got hot counters people are going to." Burger joints Shoprite Checkers, for example, has a burger counter in the Mall of Africa in northern Johannesburg where people queue "from dawn till dusk", and there are five other burger brands in the mall. "And it's like that wherever you go. Who's our competition? When you walk out of your h...
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