Short-term pain for food franchise firms as they bet big on Starbucks, GBK

Monday, May 29, 2017

Taste Holdings and Famous Brands today released year-end financial results, which indicate how big they're betting on global brands such as Starbucks and Gourmet Burger Kitchen (GBK).

During its financial year, Famous Brands acquired the UK's premium burger leader GBK for £120m, in a deal that helped its UK revenue grow to 12% of its total revenue.

Meanwhile, Taste Holdings recorded a core Ebitda loss of R20.8m, and the company's CEO Carlo Gonzaga said "it will take 12 - 24 months to reach real profitability" as it ramps up brands like Starbucks.

Another 10 Starbucks outlets are coming to South Africa in the coming year as the popular coffee brand is set to reach Cape Town and Durban.

Both companies will be hoping that long lines at their Starbucks and GBK stores will turn into bottom-line boosts.


Starbucks Coffee News and Press Releases

This article has been read 1547 times.

Would you like to own a Starbucks Coffee Franchise?

For more information about becoming a Starbucks Coffee Franchise owner, including a franchise overview, start-up costs, fees, training and more, please visit our Starbucks Coffee Franchise Information page.

Starbucks Coffee Logo


Building 4 Chiswick Park
566 Chiswick High Road
London, UK

Starbucks Coffee Franchise Information

Share This Page!


FREE FRANCHISE ADVICE

First Name:
Last Name:
Address:
City:
State: (US inquiries only please)
Zip:
Phone:
Email:
Capital to Invest

(Min $50k Investment)
Investment Timeframe:

Can I use my 401K or IRA
to buy a business?

Submit your request for a
FREE Franchise Consultation.