Wimpy owner beefs up stake in burger market with £120m acquisition
FAMOUS Brands – owner of the Wimpy burger chain - has increased its grip on the sector with the mouth-watering acquisition of Gourmet Burger Kitchen (GBK).
The South African-based group has agreed a £120m deal with Nando’s owner Capricorn Ventures to acquire the entire issued share capital of GBK, which has a string of restaurants across the Midlands.
GBK, launched in Battersea in 2001 by three New Zealanders, is considered one of the pioneers of the premium burger revolution in the UK.
Kevin Hedderwick, group strategic adviso... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
