Famous Brands is chucking in the towel on its R2.3bn 2017 UK acquisition of Gourmet Burger Kitchen (GBK) — and it could not have come soon enough for bruised shareholders.

They are likely to see a final write-down of the ill-fated business as the board is left to decide its fate.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now