As of June 30, Burger King had 92 restaurants, with a total of 18.6 million customers served in the periodfranchise in South Africa, said on Wednesday it was in talks to sell a stake in the business, without giving a reason.GPI signed a long-term master franchise agreement with Burger King in 2012, betting on South Africa’s lucrative fast-food market, consumer appetite for flame-grilled burgers as well as their price appeal.
In the year ended June 30, the fast food franchise started generating a “long-awaited” profit of R11.7 million for GPI from a loss of R27.1 million, driven by higher sales from new restaurants and a significant improvement in same-store sales of 10.3%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Shame I could have told them that it wouldn't work, especially since they are worse than McD
The reason it obvious. There are slim chances to see businesses sell their stake if the business is profitable.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investigation exonerates Stellenbosch University Rector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.An independent investigation has exonerated the Rector of Stellenbosch University, Professor Wim de Villiers, of attempting to interfere in the Constitutional Court litigation related to the University's 2016 Language Policy. Has helenzille cared to comment and maybe (!) apologised yet? Take note waldimar you did a hatchet job on this.
Source: SABC News Online - 🏆 32. / 51 Read more »
Cricket SA apologises to journalists - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Cricket SA apologises to journalists Cricket South Africa’s (CSA) embattled Chief Executive, Thabang Moroe, has personally apologised to the journalists who had their accreditation revoked on Sunday. This thief must be arrested Don't apologise, resign. Why is SABC3 not showing today's MSLT20 match?😔
Source: SABC News Online - 🏆 32. / 51 Read more »
Archbishop Tutu hospitalised - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Archbishop Emeritus Desmond Tutu has been admitted to hospital for treatment of an infection. Whites must give him kiss of death he served them very well. Almost thought siyakolisi had something to do with it 🙃 And who cares
Source: SABC News Online - 🏆 32. / 51 Read more »