October 24, 2018 / 10:50 AM / a month ago

Famous Brands' GBK burger business initiates company voluntary arrangement

JOHANNESBURG, Oct 24 (Reuters) - UK Gourmet Burger Kitchen (GBK), owned by South African fast-food chain owner Famous Brands, has decided to initiate a company voluntary arrangement (CVA), Famous Brands said on Wednesday.

“The CVA process has the objective to ensure financial viability and the sustainability of the business into the future,” it said in a statement. (Reporting by Nqobile Dludla Editing by David Goodman)

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