JOHANNESBURG – Grand Parade Investments will open 15 new Burger King outlets a year over the next three years in a drive to boost fortunes, it said yesterday, as the investment company went into the black in the interim period. GPI, which also operates the Spur and Dunkin’ Donuts chains, said the Burger King expansion would be focused on drive-thru restaurants as opposed to online and/or food court restaurants.
“The slowdown is in line with the group's tactical plan to improve the profitability of its operational businesses,” the company said. The ARS increased by 8.1percent to R1.026m this period, a positive indicator that restaurants opened in the past 12 months were performing well and “a sign that the objective of achieving an ARS of R1.2m by June 2019 is attainable.”
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