FRANCHISE NEWS ARCHIVE
: : Jul-Dec 2004
| Spur catches 60% stake in fish franchise. Steakhouse
chain Spur has acquired a 60% stake in the KwaZulu-Natal based franchise,
John Dory's Fish & Grill, for a cash consideration of R5.5 million.
7 Dec, 2004
Spur to go on buying its shares. Spur, the listed restaurant
franchise group, would continue to buy back its shares to boost its
management incentive scheme, the company said yesterday. .... [more]
26 Nov, 2004
Avis buys the Budget brand, gears up for Scandinavia. Avis
Southern Africa has acquired the franchise for the Budget Rent A Car
brand in Scandinavia and plans to expand both brands in the region.
22 Nov, 2004
Manuka Café could expand to 60 stores. Manuka
Café & Fine Wines Boutique, which combines a retail wine
boutique with a Mediterranean cafe, has the scope to grow to 60 franchised
branches in South Africa. .... [more]
18 Nov, 2004
Spar to ring up 130 new stores. The Spar Group, which
listed on the JSE Securities Exchange in October after unbundling
from Tiger Brands, plans to open 130 Spar, Tops liquor outlets and
Build It stores by the end of next year, increasing the number of
stores to almost 900. .... [more]
17 Nov, 2004
Major retailers gobbling up most of the action report. Retail
activity in SA is becoming increasingly concentrated among the major
chains, in line with global trends, market researchers ACNielsen said
this week. .... [more]
17 Nov, 2004
Dancing Becomes a Big Business. When Claudia and Burger
Herbst got the chance to take over a dance studio in Bell-ville six
years ago, they didn't hesitate for a moment. Now they own three Arthur
Murray studios on a franchise basis. .... [more]
15 Nov, 2004
Franchise sector to get equity guidelines. The franchise
industry is considering developing black economic empowerment guidelines
rather than a charter for the sector, Franchise Association of Southern
Africa chairman Peter Moyanga said yesterday. .... [more]
10 Nov, 2004
Spur warms up payments plan. Restaurant franchise group
Spur Corporation intends to renew, for the second year in succession,
its proposal to investors that the directors be given authority to
make payments to shareholders. .... [more]
8 Nov, 2004
Pick 'n Pay is mum on plastic bag revenues. Listed retailer
Pick 'n Pay was cagey this week about how much money it had made through
its green bag environmental initiative and said it had not been able
to have the bags manufactured locally. .... [more]
7 Nov, 2004
Shoprite's sales growth counters low inflation. The
Shoprite group, Africa's largest retailer, continued to build on its
sales performance in the financial first quarter, despite being hampered
by the pressures of low inflation. .... [more]
29 Oct, 2004
New Clicks earnings below expectations. Retail group
New Clicks Holdings, which owns chains such as Clicks and The Body
Shop that focus on health and beauty, reported growth in annual headline
earnings below market expectations. .... [more]
23 Oct, 2004
Pick 'n Pay thrilled as efficiency feeds bottom line.
"Excellent", was Pick 'n Pay chairman Raymond Ackerman's
description yesterday of the retailer's 17.1 percent rise in interim
headline earnings a share to 52.4c, despite food price deflation,
and its 22 percent rise in trading profit. .... [more]
20 Oct, 2004
New listing Spar soars on debut. New JSE Securities
Exchange South Africa listing food group Spar made a strong debut
on Monday, soaring more than 10% in the first 15 minutes of trade.
18 Oct, 2004
Nasasa Cellular to sell cellphones at post offices.
Cellphones and airtime will soon be on sale at 2500 post offices nationwide
with the South African Post Office entering a deal giving Nasasa Cellular
the exclusive right to supply cellular products and services. ....
7 Oct, 2004
Wise decisions make franchise work. Nilay and Kumesh
Naidoo, a husband-and-wife partnership, took a year to do research
and look for finance before buying a flamed grill chicken franchise.
They turned to the Umsobomvu Youth Franchise Fund for funding. ....
6 Oct, 2004
We have ice-cream for Africa, says Ola MD. Ola Milky
Lane will aggressively roll out its international expansion programme
by establishing 40 icecream parlours in Africa and the Middle East
over the next five years, says MD Craig MacKenzie. .... [more]
30 Sep, 2004
Pick 'n Pay to profit on sale of Boardmans. Supermarket
giant Pick 'n Pay Stores expects earnings for the six months to August
to rise 20%-40% a share over the same period last year, due to the
capital profit on the sale of its homeware chain Boardmans to Edcon
during the period. .... [more]
28 Sep, 2004
Seven FAG managers suspended in investigation. Seven
top managers at South African bearings and power transmission group
FAG have been suspended pending the outcome of an internal investigation.
23 Sep, 2004
Spur serves up 16% more in turnover. Family restaurant
franchise group Spur Corporation was continuing to grow its brand
outside SA with new Spur restaurants opening in the UK, Australia
and Africa. .... [more]
15 Sep, 2004
Call-A-Car sales continue to grow. Call-A-Car, South
Africa's independent online used vehicle retailer, which is part of
listed motor retailer McCarthy (MCC) has announced a 6.5% increase
in sales. .... [more]
13 Sep, 2004
Famous Brands thrives on Pleasure Foods. Fast food franchisor
Famous Brands looks set to capitalise on its acquisition of Wimpy
parent Pleasure Foods, as it said yesterday it that anticipated a
50%-70% boost in headline earnings in the six months to August. ....
1 Sep, 2004
Truworths puts Identity at forefront of robust growth. Truworths
International, the listed clothing retailer, said its Identity brand
had the potential to grow beyond the 150 to 200 stores initially envisaged.
23 Aug, 2004
Woolworths to roll out 40 stores with Engen. Woolworths,
the listed clothing and food retailer, is going ahead with the expansion
of its Engen convenience stores within Engen service stations, with
phase one being the roll out of 40 outlets in the next 18 to 24 months.
23 Aug, 2004
Truworths reports shining results. Clothing retailer
Truworths International Ltd has reported a 27.4% rise in its fully
diluted headline earnings per share for the year to end-June 2004.
19 Aug, 2004
Mike's Kitchen trademark bought out. Holders of the
master licence for Mike's Kitchen, the restaurant chain listed on
the JSE Securities Exchange SA in the late '80s, have bought its trademarks
and intellectual property, they said yesterday. .... [more]
17 Aug, 2004
Italtile sales up 20% despite import glut. Italtile,
the listed retailer of ceramic tiles, bathware and related products,
yesterday posted solid annual results, building on 13-year profit
growth. .... [more]
5 Aug, 2004
Low food prices, strong rand take edge off Shoprite sales.
A fall in food prices and a labour strike have put a damper on sales
at grocery retailer Shoprite, according to a trading statement issued
yesterday. .... [more]
23 Jul, 2004
Woolworths faithful shop until they drop. Food and textiles
retailer Woolworths looks set to build on its strong position in the
South African market, with sales rising 15,3% in the year to June.
14 Jul, 2004
Newcomers to franchise industry to get a boost. Entrepreneurs
trying to get into the franchise industry would be given a financial
push by the Industrial Development Corporation (IDC), it said yesterday.
8 Jul, 2004
7-Eleven now gets Friendly. The Western Cape has a new
retail format now that one of the best known convenience store catastrophes
has been revamped into a dual brand under the 7-Eleven/Friendly banner.
5 Jul, 2004
Pick 'n Pay sees no end to its growth. Pick 'n Pay,
the grocery chain that doubled sales over the past four years, did
not expect any let-up in growth as the lowest interest rates in 23
years continued to fuel consumer demand. .... [more]
2 Jul, 2004
Famous Brands bags Bheki Sibiya as non-exec director.
Famous Brands, which owns well-known fast food names such as Steers,
Debonairs Pizza and the House of Coffees, has entered a new era with
the appointment of its first black non-executive director, Bheki Sibiya.
1 Jul, 2004
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