In 2020 Grand Parade Investments announce that they want to sell Burger King in South Africa. The goal is to unlock value for their shareholders and then pursue new opportunities. An investment group, ECB Africa, with experience in the fast food industry, makes an offer: they believe that, with the right plans and management, Burger King can prosper. This won’t be easy, of course: the fast food industry is one of the most competitive in South Africa: KFC, Steers, Debonairs, Wimpy, Nando’s and McDonalds have a combined total of 3140 franchises compared to Burger King’s 90. Grand Parade Investments would have been happy: in these difficult times, they found a buyer.
Burger King and the price of state intervention
Burger King and the price of state…
Burger King and the price of state intervention
In 2020 Grand Parade Investments announce that they want to sell Burger King in South Africa. The goal is to unlock value for their shareholders and then pursue new opportunities. An investment group, ECB Africa, with experience in the fast food industry, makes an offer: they believe that, with the right plans and management, Burger King can prosper. This won’t be easy, of course: the fast food industry is one of the most competitive in South Africa: KFC, Steers, Debonairs, Wimpy, Nando’s and McDonalds have a combined total of 3140 franchises compared to Burger King’s 90. Grand Parade Investments would have been happy: in these difficult times, they found a buyer.