Hotline: 1800 102 2007
X
Search Business Opportunities
May, 26 2015

Debonairs Pizza\'s parent company pulls out of India, earnings up

The group said that it ended the master licence agreement with its partners in India in April and closed the two Debonairs Pizza restaurants in the nation\\\'s largest city, Mumbai.

South African fast-food group Famous Brands has pulled out of India two years after re-entering the nation, said the brand on Monday stated a report by Reuters.

Though looking to expand outside its domestic market as South African consumers continue to be squeezed by high unemployment and sharply rising electricity costs, the brand said it had committed extensive resources to evaluate the company's performance in India before deciding to pull out.

The company, which also has operations in Britain, the Middle East and 16 countries in the rest of Africa, reported a 15 percent rise in headline earnings per share (EPS) to 467 cents in the year to February 28.

Headline EPS, stripping out certain one-off items, is the main profit gauge in South Africa.

The owner of brands such as Steers, Wimpy and Mugg & Bean, re-entered the Indian market in 2013 after opening and closing a pizza restaurant near Delhi in 2003.

But it said on Monday that it ended the master licence agreement with its partners in India in April and closed the two Debonairs Pizza restaurants in the nation's largest city, Mumbai.

The group opened 213 new restaurants in its home market in the year and plans to add a further 202 in the current year, while aiming to add 35 restaurants in the rest of Africa.

Comment
image
Related opportunities
  • Furniture/Home Decor & Furnishing
    About Us: We are the global providers of Onyx quarried from..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Namma Theneer Kadai is an established tea house, which..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Little Chef is an ideal experience encompassing 15 years..
    Locations looking for expansion New Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Lassi Bistro, one of India's trendiest chain of Lassi,..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities