More Burger King outlets are planned - GPI | IOL Business Report

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.”

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA companies have burnt their fingers by buying UK businessesFamous Brands should perhaps not have bought the poorly performing Gourmet Burger Kitchen chain in the first place
Source: BDliveSA - 🏆 12. / 63 Read more »

Old Mutual to spend R2billion in share buy-back plan | IOL Business ReportThe group said the repurchase of OML shares will take place on both the JSE and London Stock Exchange from March 12 to May 24.
Source: IOL - 🏆 46. / 51 Read more »

JUST IN: Group Five placed in business rescue | IOL Business ReportThe group and its subsidiaries have said to have been experiencing cash flow difficulties due to significant operating losses. busrep interesting move
Source: IOL - 🏆 46. / 51 Read more »