Food franchisor Famous Brands has been hard hit by Covid-19 with a 121% decrease in headline earnings per share, the group said on Tuesday. Famous Brands' portfolio comprises of leading or mainstream brands such as Steers, Debonairs, Fishaways and Milky Lane and signature or niche restaurants such as Vovo Telo, Europa and Turn 'n Tender. Leading brands delivered weaker results where system-wide sales declined by 28.6%. The Africa and Middle East region had a system-wide sales decline of 22.9%. There are no further operating losses impacting the group's results from the date on which GBK entered administration, the group said.

Source: News 24 June 01, 2021 09:56 UTC