Wimpy and Steers owner Famous Brands sees opportunities to capitalise on the boycott of Western brands in the Middle East and grow market share in these markets, it said on Monday.
Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a 1.5% profit margin contraction from 11.6% to 10.1% dampened results. Despite the group’s carefully managed cost base, the operating profit margins were negatively impacted on by input cost pressures and increases in overheads, namely electricity, water, diesel, repairs, maintenance and employee costs.
Sauce Advertising is creating for a good cause with Reach For A Dream. 31 May is Slipper Day – a national fundraising campaign and the biggest event in Reach For A Dream’s annual diary.
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