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Grand Parade warns of earnings plunge after Dunkin-Donuts, Baskin Robins exit

GPI says it expects to make a loss per share of between R8.52 to R7.92.

Grand Parade Investments, the owner of brands including Burger King and Spur Group, announced on Wednesday that it expects a decrease in basic earnings per share due to the impairment of struggling Dunkin’ Donuts and Baskin-Robbins. The company plans to close its loss-making franchises in the country after failing to find a buyer, and will focus on its Burger King outlets. Nick Kunze, portfolio manager at Sanlam Private Wealth discusses how shareholder pressure inched the company forward in dumping the brands. He speaks with Nompu Siziba about the future of its brands in its portfolio.

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