Famous Brands
Covers developments from an international hospitality group with multiple restaurant brands operating in the UK market. Updates include new site openings, brand acquisitions, menu launches, marketing campaigns, and investment activity, alongside insights into market strategy, consumer trends, and competitive dynamics shaping multi-brand operations in the casual dining and QSR sectors.
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Oct- 2023 -11 OctoberNews
Today’s news in brief – 11/10/23
Marston’s saw total retail sales rise by 11.2% during FY23, ended 30 September, with like-for-like sales rising by 10.1% compared with FY22. Sales for the 10-week period from 23 July to 30 September increased by 7.7% year-on-year. This included an upturn in the last five weeks, where like-for-like sales saw…
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11 OctoberRestaurants
Former GBK owner Famous Brands warns on profits
The board of directors of Famous Brands has issued a profit warning stating that its basic earnings per share (BEPS) may be 20% lower than expected for the six months ended 31 August 2023. The company stated that the reported BEPS is expected to be between 225 cents and 174…
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May- 2023 -23 MayNews
Famous Brands FY revenues up 15% to £310m
South African restaurant company Famous Brands, which operates 65 restaurants in the UK, has reported revenues of R7.4bn (£310m) in FY23, a 15% increase compared to last year. The group has attributed the revenue increase to improved trading conditions across most markets thanks to the lifting of Covid restrictions. Operating…
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Mar- 2021 -1 MarchRestaurants
Wimpy profits surge to almost £1m
Wimpy Restaurants Group, owner of the Wimpy burger chain, has reported a rise in profits to almost £1m for the year ended 29 February 2020. Climbing from £716,319 to £990,663, the firm’s profits for the year represented a year-on-year increase of 38%. While the group’s revenue for the period did…
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Oct- 2020 -14 OctoberNews
Boparan owner bails out GBK
Boparan restaurant group is reportedly purchasing the Gourmet Burger King (GBK) chain through a pre-pack administration, saving 650 jobs. According to Sky News, Ranjit Boparan, the owner of the restaurant group known for the brands Giraffe, Ed’s Shakes and Waffles and Slim Chicken will purchase 35 GBK restaurants, in a…
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Oct- 2018 -24 OctoberBusiness
GBK enters CVA
GBK has announced it is to enter a CVA this afternoon (24 October) following the appointment of Deloitte in September to oversee a restructuring of the business. In an announcement, Famous Brands, the South African restaurant chain’s owners said: “The CVA process has the objective to ensure financial viability and…
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Sep- 2018 -3 SeptemberRestaurants
GBK ‘appoints restructuring advisors’ prompting CVA suspicions
Burger chain Gourmet Burger Kitchen (GBK) has reported appointed restructuring advisors Deloitte leading to suspicions that the company could be set to enter a company voluntary arrangement (CVA). According to The Times, Deloitte is seeking rent reductions and site closures for the chain which recently reported a loss of £2.24m…
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