Famous Brands acquires Gourmet Burger Kitchen.
Famous Brands, the South African-based operator of Wimpy and Steers, has acquired the 75-strong operator Gourmet Burger Kitchen (GBK). The aim is to significantly strengthen the operator’s position in the UK and to double GBK’s footprint within the next five years. Famous Brands’ group strategic advisor Kevin Hedderwick said: “We’ve been looking to expand our presence in the UK market for some time, and the acquisition of GBK was the perfect opportunity for us to do this. GBK has substantial store growth potential in the UK – with a secure, current pipeline of sites in place, supported by the brand’s excellent track record of successful new store openings. The business has also recently concluded an agreement to re-acquire the franchise rights and manage the five GBK restaurants in Ireland, which provides an immediate platform for the growth of a significant overseas footprint.”
Article via MCA Report.