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Pin to quick picksGlobal Brands Share News (GBR)

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Global Brands struggles to roll out Domino's Pizza in Switzerland

Wed, 19th Oct 2011 09:29

Attracting new franchise candidates to manage Domino's Pizza outlets has been more difficult than expected, Global Brands, the company seeking to roll out the pizza delivery chain in Switzerland, has admitted.Sales in the quarter to 30 September were up by just 2.6% from the same period the previous year at CHF3.43m (£2.42m), a much lower growth rate than the 11.1% growth recorded over the nine months to 30 September."Attracting new franchise candidates to the business has been slower than originally expected," the company said. It also said that there have been delays in the conversion of a "Pizza Taxi" store and that it had decided not to convert a third Pizza Taxi outlet into a Domino's.Sales in the west of Switzerland were down by 1.6% on a like-for-like basis, while sales in the east climbed by 1%."Early indications for Q4 are that trading conditions in the West remain demanding as we continue to see the impact of the strong Swiss Franc on our sector of the Geneva economy," the company said. "However, we are seeing strong growth in the East with double digit like-for-like corporate sales growth thus far in October."---RG
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Cairn Energy announces stock purchases by three senior directors

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19 Oct 2011 16:50

London close: Banks buoyed by bailout beef-up

Footsie enjoyed a buoyant if unspectacular day, with almost two-thirds of its constituents finishing in the blue. The market shrugged off the news that Spain's credit rating has been cut by two notches by the Moody's rating agency, and preferred to concentrate on a report in The Guardian newspaper

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19 Oct 2011 11:59

London midday: Stocks stay buoyant

Shares are buoyant today, winning back some of the previous day's losses despite ongoing worries over the Eurozone. A 48-hour general strike has been called in Greece ahead of a vote on austerity measures. Spain, meanwhile, had its credit rating cut by two notches last night by the Moody's rating a

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6 Sep 2011 16:44

London close: Higher finish after late rally, RBS and Barclays lag

London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for

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6 Sep 2011 12:13

London midday: Lloyds leads banking rally

The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th

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6 Sep 2011 10:02

Global Brands narrows pre-tax losses

Aim listed Global Brands, which owns the Domino's Pizza franchise in Switzerland, Luxembourg and Liechtenstein, narrowed half year losses and said it was confident of positive sales growth for the remainder of the year. Pre-tax loss was reduced to 810,638 Swiss franc for the six months ended 30 Jun

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13 Jul 2011 12:28

Global Brands' pizzas melting in the heat

Global Brands, the AIM listed company which owns the Domino's Pizza franchise in Switzerland, Luxembourg and Liechtenstein, saw sales in the first half of 2011 rise by 15.4% from the same period last year. However, the half-year revenue rise to 7.7m Swiss Francs (CHF) masked a disappointing second

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21 Mar 2011 17:02

Global Brands has "turned the corner"

Global Brands, which owns the Domino's Pizza franchise in Switzerland, Luxembourg and Liechestein supersized its sales in the final quarter of 2010 but still reported a net loss for the year. Sales in 2010 increased by 17.0% to SFr.13.8m from SFr.11.8m in 2009, with like for like sales up 18.2%. G

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24 Jan 2011 13:06

Global Brands sees record pizza sales

Global Brands, the master franchise owner for Dominos Pizza in Switzerland, enjoyed a strong finale to last year with record sales of 1.28m Swiss francs (£834,000) in December. Sales totalled 3.8m francs for the final quarter of the year, resulting in a like-for-like sales increase of 16.3% from th

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London close: Footsie boosted by US jobs

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