Is the closure of the first Spur Steak Ranch a sign of the times for the troubled group?

The first Spur opened its doors in 1967 in Newlands Cape Town. The owner and founder, Allen Ambor, likely did not realise it was the birth of a large corporation that would ultimately include over 600 outlets. The now JSE-listed multi-billion rand corporation has, in the past few years, faced challenges - but more recently, it has been a series of boardroom changes that have sparked questions over the future of the restaurant chain operator. In the group's financial results for the year ended 30 June, Spur said it opened 21 restaurants and closed 17, including the Golden Spur Steak Ranch - the very first of the restaurant franchise group.