Agribusiness
Taste Holdings completes its exit from the catering industry with the termination of its Domino’s franchise in South Africa

Taste Holdings completes its exit from the catering industry with the termination of its Domino’s franchise in South Africa

After four loss-making financial years, the decision to withdraw from an unprofitable sector to focus on luxury products will have a significant impact on consolidated turnover.

Someone shares this article with you
            ▪ Taste Holdings completes its exit from the catering industry with the termination of its Domino’s franchise in South Africa

▪ After four loss-making financial years, the decision to withdraw from an unprofitable sector to focus on luxury products will have a significant impact on consolidated turnover.

http://www.jeuneafriquebusinessplus.com/en/803808/taste-holdings-completes-its-exit-from-the-catering-industry-with-the-termination-of-its-dominos-franchise-in-south-africa/

25/03/2020 at 17h45, by Jeune Afrique Business+

In order to stem losses and after having failed to find a buyer, Taste Holdings Limited has made the decision to liquidate its subsidiary Taste Food Franchising Ltd, which operates the Domino’s Pizza franchise in South Africa. The inability to receive “additional financial assistance from the franchisor, Domino’s Pizza LLC” was also a factor that led the management of the Johannesburg Stock Exchange-listed group to abandon its efforts to sell the subsidiary on 16 March.

To read the article and discover your subscription benefits

You are connected to your Jeune Afrique account but your Jeune Afrique Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Mineral resources

19/03/2020 at 12h16, by Aurélie Benoit

South Africa: Covid-19 overpowers Kropz, the phosphate subsidiary of Patrice Motsepe’s ARC

A hearing scheduled for 16 March to decide on the legality of a key water licence for future operations...

Bank & Insurance

12/03/2020 at 18h11, by Jeune Afrique Business+, updated 13/03/2020

South African Reserve Bank seeking adviser for the sale of its 50% stake in African Bank

La tâche risque d’être contrariée par une conjoncture difficile alors que l’établissement de crédit peine...

Agribusiness

12/02/2020 at 19h04, by Pierre-Olivier Rouaud, updated 13/02/2020

South African fund Africa Capitalworks joins Madiou Simpara’s (Gaselia) funding round

For its first transaction, the Johannesburg-based fund is taking a “very large” stake in the Malian beverage...

Any questions ? contact us

Please get in touch with the Jeune Afrique Business+ team if you require any further information.

Email us : abonnements@jeuneafriquebusinessplus.com

Add JAB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add JAB+ on the home screen.

3. Enter the name of the shortcut and confirm.