Famous Brands has been awarded 10th position in the Top 100 Companies survey for 2011. This annual survey, published by the Sunday Times Business Times acknowledges those listed companies which have earned the most for their shareholders. The share price performance of every company listed on the JSE is calculated on the basis of R10 000 invested over five years.*
Famous Brands has achieved compound annual growth in share value of 32.32% over five years, meaning that an investment of R10 000 five years ago would be worth R40 556 today.
From a single Steers store in 1951, the Group now comprises 18 brands in its portfolio, including Steers, Debonairs Pizza, Wimpy and Mugg & Bean, and its network exceeds 2 000 restaurants. A further 120 new restaurants will be opened across South Africa and Africa by February 2012.
In 2010 Famous Brands acquired the trademarks and franchise agreements of Blacksteer – restaurants which have either closed, or the Group has converted, or is in the process of converting to an alternate and appropriate Famous Brands’ brand. “The Blacksteer vehicle was thus available for use,” comments Hedderwick. “The imagery of the black steer is extremely powerful and its association with flamed grilled red meat is obvious. We have adopted the best elements of the original branding and revitalised them for this purpose.”
CEO, Kevin Hedderwick says, “Famous Brands’ pay-off line is “You’re in good company”; we believe this slogan sums up our overall proposition: we represent a sound investment for shareholders and franchisees alike and our wide bouquet of brands touches a multitude of lives across the consumer spectrum.”
*Source: Business Times Top 100 companies, 2011
For further information:
Chief Executive Officer
Famous Brands Ltd
Telephone: 011 651 5812
Mobile: 083 395 8608