News Formal

Famous Brands’ annual earnings to fall up to a third, with UK burger chain a major cause

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Famous Brands, which bought the UK’s GBK chain for £120m in 2016, has already written down the value of that business by more than R1bn

Famous Brands, whose portfolio includes Steers, Wimpy and Mugg & Bean, says earnings in the year to end-February fell by up to a third as losses widened at its troubled UK burger chain.

GBK has been struggling because of lower consumer confidence amid Brexit talks, the rise of online food delivery and intense competition in the premium burger segment. Famous Brands said on Monday that its basic headline earnings per share in the year ended February fell between 16% and 33%.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

LISTEN | So your business has been cancelled? Here’s what to doHow does one avoid and deal with the backlash of marketing that offends a large amount of people? We speak to marketing guru and podcast presenter, Livhuwanu “Lebo Lion” Nefolovhodwe
Источник: SowetanLIVE - 🏆 13. / 63 Прочитайте больше »