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Grand Parade Investments sees continued losses from Burger King

The company was dealt a blow by its Baskin’ Robbins and Dunkin Donuts operations.

For the six months ended December 2018, Grand Parade reported headline earnings of R16 million, compared to R13.7 million in the prior year. Revenues were also up 28%, but the company noted that it was facing a tough trading environment. To discuss the numbers and the future of Grand Parade in South Africa, Nompu Siziba speaks to Simon Brown, the founder of Just One Lap. He notes that the discontinued operations from Baskin’ Robbins and Dunkin Donuts led to a combined loss of R19 million, while badly located stores in the Burger King chain led to losses of 5.7% to R9.5 million for the period.

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Baskin’ Robbins and Dunkin’ Donuts are both dead in the water, once the novelty wears off. Burger King in SA has the wrong footprint. The problem won’t be solved by achieving the same footprint as McD’s. There are other key differences too, the Grande Parade seems committed to ignoring.

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