Famous Brands

Famous Brands Limited
Public
Traded as JSE: FBR
Industry
Founded 1960s
Founder George Halamandres
Headquarters Midrand, Johannesburg, South Africa
Number of locations
 2,163 (2013)
Area served
 South Africa, Middle East, rest of Africa, United Kingdom
Key people
  • Panayiotis Halamandaris (Chairman)
  • Kevin Hedderwick (CEO)
  • Darren Hele (CEO)
Revenue R2.5 billion (2013)
R480 million (2013)
Website http://www.famousbrands.co.za

Famous Brands Limited is a public company listed on the Johannesburg Stock Exchange (JSE) in South Africa. Its head offices are in Midrand, Johannesburg. The company is Africa's leading quick-service and casual dining restaurant franchisor. The company's global footprint of franchised stores spreads across the world, totalling 2,163 stores (2013): South Africa 1,881, rest of Africa 172, United Kingdom 110 (2013). Besides its core business activities of quick service and casual dining, the company is also involved in manufacturing and logistics with a focus on owning and managing the back-end supply chain of its restaurants.[1]

History

The company was founded by George Halamandres in the 1950s following a visit to the United States where he learnt about the and sought to bring to South Africa the steakhouse restaurant concept.[2] Halamandres opened the first Steers steakhouse restaurant in the early 1960s.[3] In the 1980s Halamandres' son John Halamandres became CEO and rapidly grew the Steers Steakhouse franchise as a fast food takeaway restaurant. In 1994 the company listed on the JSE and in 1997 the company acquired the Debonairs Pizza franchise followed by the FishAways franchise in 1999.[2]

Brands

A map illustrating the location and number of Famous Brand's 1,861 outlets in each country that it operates across the world in 2011.
A view of the tashas restaurant in Constantia, Cape Town. Tashas is an upmarket South African restaurant franchise. Famous Brands bought a 51% ownership stake in the restaurant chain in 2008.[4]

Famous Brands has acquired a large number of restaurant brands globally and in South Africa in particular by pursuing an aggressive brand acquisition strategy.[5] In September 2016 the company acquired the British hamburger franchise Gourmet Burger Kitchen and its 75 restaurants for R2.1 billion (US$143.3 million).[6]

Total number of restaurants in February 2013[7]
Brand South Africa International Total
Steers 503 43 546
Wimpy (restaurant) 490 29 519
Wimpy UK 0 110 110
Debonairs Pizza 344 60 404
Matthew Davids 15 0 15
Brazilian Café 55 0 55
tashas 10 0 10
Mugg & Bean 133 8 141
FishAways 132 9 141
House of Coffees 17 – 17
Blacksteer Home of Shisanyama 5 0 5
Blacksteer 1 0 1
O'Hagan's 8 3 11
McGinty’s 1 0 1
KEG 20 1 21
Giramundo 14 0 14
Vovo Telo 12 0 12
Milky Lane 59 16 75
Juicy Lucy 8 1 9
The Brewers Guild 8 0 8
Creative Coffees 8 0 8
Net Café 1 0 8
Europa 25 1 26
Fego Caffé 29 1 30
Total 1,881 282 2,163

References

  1. ↑ Mahlaka, Ray (3 June 2016). "Famous Brands: Owning the supply chain pays off". Moneyweb. Retrieved 4 November 2016.
  2. 1 2 "Steers Holdings Limited". Studyingbusiness.co.za. 20 August 2013. Retrieved 4 November 2016.
  3. ↑ Maas, Carié (30 August 2013). From Corner Café to JSE Giant: The Famous Brands Story. Cape Town, South Africa: Tafleberg. ISBN 9780624056799.
  4. ↑ "Famous Brands: tashas". Famous Brands. Retrieved 4 November 2016.
  5. ↑ "Famous Brands profits soar amid M&A spree". Fin24. Retrieved 2016-11-04.
  6. ↑ "Famous Brands buys UK burger chain". IOL News. Reuters. 1 September 2016. Retrieved 4 November 2016.
  7. ↑ "FBR: 2013 Annual Report" (PDF). Famous Brands. Retrieved 1 November 2013.

External links

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