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British burger chain GBK enters administration says S.African owner Famous Brands

Wed, 14th Oct 2020 11:55

JOHANNESBURG, Oct 14 (Reuters) - South African restaurant
owner Famous Brands Ltd said on Wednesday its
British-based unit Gourmet Burger Kitchen (GBK)has entered into
administration after the group's decision to no longer provide
any further financial assistance.

Administrators have accordingly been appointed and have
assumed control of GBK and its UK subsidiaries. Options
available to the administrators "may include an insolvent sale
of the business and assets," Famous Brands said in a statement.
(Reporting by Nqobile Dludla; Editing by Emma Rumney)

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