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Famous Brands CEO Darren Hele.
Famous Brands CEO Darren Hele.

Cape Town – Africa’s largest branded food services franchisor has put its focus back on its winning outlets, following an acquisition spree which saw the company buy seven new firms.

Famous Brands CEO Darren Hele told Fin24 on Monday that 2017 is “all about getting to grips with new the balance sheet” following its acquisition strategy in 2016.

Famous Brands [JSE:FBR] on Monday posted a 33% revenue rise on the back of a robust acquisition spree and the successful integration into the business. However, basic headline earnings per share (HEPS) fell 21% to 428 cents per share.

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