JSE-listed Famous Brands says the 12 months ended February 28 had been a challenging year, with operations impacted by various levels of Covid-19-related restaurant trading restrictions. Trading conditions were further exacerbated by widespread civil unrest in July 2021, it notes, with this having had a major impact on certain of its franchisees. For Famous Brands, the impact was mainly lost franchise revenue resulting from lost franchisee trading days.
