Spur is back in the saddle
Spur is going at a gallop, but it might be time to rework its ageing franchise model
02 March 2023 - 05:05
While Spur’s interim results make it clear the group is well clear of the pandemic blues, the holding company has a major job on its hands to rejig its now decades-old franchise model.
“If you look at franchising say 10 or 20 years ago it was a very clear model. Market conditions were more stable, you knew if you invested in a store you would achieve a high double-digit return over the years,” says CEO Val Nichas...
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