Edition:
India

Famous Brands Ltd (FBRJ.J)

FBRJ.J on Johannesburg Stock Exchange

4,879.00ZAc
22 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Famous Brands Says Withholding Financial Support For GBK May Result In Impairment
Wednesday, 1 Jul 2020 

July 1 (Reuters) - Famous Brands Ltd ::DECISION TO WITHHOLD FURTHER FINANCIAL SUPPORT FOR GBK MAY RESULT IN AN IMPAIRMENT OF FULL VALUE OF FAMOUS BRANDS' INVESTMENT IN GBK.  Full Article

Famous Brands FY HEPS 417 Cents, No Interim Dividend
Tuesday, 26 May 2020 

May 26 (Reuters) - Famous Brands Ltd ::SUMMARISED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2020.FY HEADLINE EARNINGS PER SHARE 417 CENTS.FY REVENUE R7.8 BILLION UP 1%.NO DIVIDEND WILL BE PAID FOR SECOND SIX MONTHS OF REPORTING PERIOD..COVID-19 GLOBAL PANDEMIC AND SUBSEQUENT LOCKDOWN MEASURES HAD A SIGNIFICANTLY ADVERSE FINANCIAL IMPACT ON BUSINESS..TRADING CONDITIONS ACROSS CO'S MARKETS CONTINUED TO DETERIORATE OVER 2020 FINANCIAL YEAR.KEY AREAS OF FOCUS INCLUDE DISINVESTING FROM NON-CORE BRANDS AND NON-CORE MANUFACTURING AND LOGISTICS FACILITIES.KEY AREAS OF FOCUS INCLUDE EXPANSION PROGRAMME (GROWING LEADING BRANDS AND RETAIL BUSINESS AND BUILDING DEPTH OF AME FOOTPRINT).  Full Article

Famous Brands FY Basic EPS Expected To Be Within Range Of 312 To 382 Cents/Share
Thursday, 14 May 2020 

May 14 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS - FY BASIC EARNINGS PER SHARE ARE EXPECTED TO BE WITHIN RANGE OF 312 TO 382 CENTS PER SHARE.FAMOUS BRANDS - FY BASIC HEPS EXPECTED TO BE WITHIN RANGE OF 362 TO 442 CENTS PER SHARE.FAMOUS BRANDS - FY BASIC HEPS ARE EXPECTED TO BE WITHIN RANGE OF 362 TO 442 CENTS.  Full Article

Famous Brands Announces Disclosure Of Beneficial Interest In Co
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Famous Brands Ltd ::JSE: FBR - DISCLOSURE OF BENEFICIAL INTEREST IN FAMOUS BRANDS.FAMOUS BRANDS - LGM INVESTMENT, BMO ASSET MANAGEMENT LUXEMBOURG AND BMO ASSET MANAGEMENT HOLD 3.84% OF TOTAL NUMBER OF SECURITIES IN ISSUE IN CO.  Full Article

Famous Brands Says During Lockdowns, Co Will Not Be Generating Material Revenue
Friday, 3 Apr 2020 

April 3 (Reuters) - Famous Brands Ltd ::FURTHER VOLUNTARY UPDATE.ALL OF OUR RESTAURANTS HAVE CEASED TO TRADE IN SA.ALL BUT ONE OF OUR MANUFACTURING PLANTS, LAMBERTS BAY FOODS HAVE SHUT DOWN IN SA.LBF CURRENTLY REMAINS IN PRODUCTION AS IT SUPPLIES AN ESSENTIAL PRODUCT TO RETAILERS WHO CONTINUE TO TRADE.GBK UK OPERATION HAS CEASED TO TRADE IN UK, IRELAND.WIMPY UK BUSINESS CONTINUES TO SUPPLY LIMITED SERVICES TO HOME DELIVERY PROVIDERS.AT PRESENT, FOR DURATION OF LOCKDOWNS ACROSS TRADING MARKETS IN SA, AME, UK, IRELAND, CO WILL NOT BE GENERATING MATERIAL REVENUE.  Full Article

Famous Brands Says Co Not To Provide Any Further Financial Assistance To GBK Business
Thursday, 2 Apr 2020 

April 2 (Reuters) - Famous Brands Ltd ::JSE: FBR - CAUTIONARY ANNOUNCEMENT.FAMOUS BRANDS LTD - TAKEN DECISION TO NOT PROVIDE ANY FURTHER FINANCIAL ASSISTANCE TO GBK BUSINESS.FAMOUS BRANDS - DECISION TO WITHHOLD FURTHER FINANCIAL SUPPORT FOR GBK MAY RESULT IN AN IMPAIRMENT OF FULL VALUE OF FAMOUS BRANDS' INVESTMENT IN GBK.FAMOUS BRANDS LTD - HAS REVIEWED ITS INVESTMENT IN GBK, A WHOLLY OWNED SUBSIDIARY INCORPORATED IN UK.FAMOUS BRANDS LTD - BOARD OF GBK WILL CONSIDER OPTIONS AVAILABLE TO BUSINESS.  Full Article

Famous Brands Sees Trading Over Coming Weeks Will Become Increasingly Difficult
Monday, 23 Mar 2020 

March 23 (Reuters) - Famous Brands Ltd ::JSE: FBR - FAMOUS BRANDS’ NOTIFICATION OF COVID-19 PRECAUTIONARY AND PREVENTATIVE MEASURES ACROSS ALL OPERATIONS.FAMOUS BRANDS LTD - TO DATE, GROUP'S SUPPLY CHAIN OPERATIONS HAVE NOT EXPERIENCED SIGNIFICANT DISRUPTIONS..FAMOUS BRANDS LTD - COMMENCING 1 MARCH 2020 IN UK AND 16 MARCH 2020 IN SA, THERE HAS BEEN A NOTABLE SLOW DOWN IN STORE SALES ACTIVITY..FAMOUS BRANDS LTD - SALES DETERIORATED STEADILY OVER FIRST THREE WEEKS OF MARCH AS GOVERNMENT MEASURES TAKE EFFECT ON RESTRICTING CONSUMER ACTIVITY.FAMOUS BRANDS LTD - INITIAL INDICATIONS ARE THAT SALES HAVE DETERIORATED STEADILY OVER FIRST THREE WEEKS OF MARCH.FAMOUS BRANDS LTD - IT IS DIFFICULT TO PROJECT WITH ACCURACY IMPACT OF PANDEMIC ON BUSINESS..FAMOUS BRANDS LTD - BOARD AND MANAGEMENT ANTICIPATE THAT TRADING OVER COMING WEEKS WILL BECOME INCREASINGLY DIFFICULT.  Full Article

Famous Brands Says FY Trading Performance In S. Africa Broadly Met Management's Expectations
Thursday, 12 Mar 2020 

March 12 (Reuters) - Famous Brands Ltd ::JSE: FBR - VOLUNTARY PERFORMANCE UPDATE.FAMOUS BRANDS- FY TRADING PERFORMANCE IN SOUTH AFRICA BROADLY MET MANAGEMENT'S EXPECTATIONS.FAMOUS BRANDS LTD - UK SYSTEM-WIDE SALES (STERLING) DECLINED BY 13.9% IN FY.FAMOUS BRANDS- FY SOUTH AFRICA COMBINED SYSTEM-WIDE SALES UP 6.4%, WHILE LIKE-FOR-LIKE SALES GREW BY 2.9%.  Full Article

Famous Brands Says Audit Committee Recommended Appointment Of KPMG As Co's External Auditor
Monday, 9 Mar 2020 

March 9 (Reuters) - Famous Brands Ltd ::JSE: FBR - CHANGE IN AUDITORS.FAMOUS BRANDS - AUDIT COMMITTEE RECOMMENDED APPOINTMENT OF KPMG AS CO'S EXTERNAL AUDITOR WITH NICK SOUTHON AS DESIGNATED PARTNER.FAMOUS BRANDS- EFFECTIVE DATE FOR RETIREMENT OF DELOITTE & TOUCHE WILL BE JULY 23.FAMOUS BRANDS - APPOINTED KPMG AS AUDITOR IN RESPECT OF FINANCIAL YEAR ENDING 28 FEBRUARY 2021 AS A REPLACEMENT FOR DELOITTE & TOUCHE.  Full Article

Famous Brands Says Coronation Asset Management's Beneficial Interest In Co Is 25.05%
Tuesday, 5 Nov 2019 

Nov 5 (Reuters) - Famous Brands Ltd ::DISCLOSURE OF BENEFICIAL INTEREST IN FAMOUS BRANDS.CORONATION ASSET MANAGEMENT'S ENTIRE BENEFICIAL INTEREST IN CO AMOUNTS TO 25.05% OF TOTAL NUMBER OF SECURITIES IN ISSUE.  Full Article

FACTBOX-Struggling restaurant chains risk disappearing from Britain's high street

LONDON, June 5 Faced with a partial reopening of their branches from July, many high street restaurant businesses in Britain risk disappearing from the high street or at least changing hands, as private equity owners decide whether to raise billions of dollars to snap up what they see as bargains.