As a 50-year-old brand, the conservatively managed Spur Corp restaurant business has ambled along, focusing mainly on its eponymous family steakhouse brand and only occasionally adding a new food offering.Spur’s aggressive and expansionary competitor Famous Brands happily gobbled up many smaller outfits and built up a shipload of food brands — from Debonairs and Wimpy to Mugg & Bean, to name a few.
Spur, by contrast, tended to buy small local chains with great brand and customer reputations — and then expand them slowly throughout its nationwide network.In 1989, Spur added a pizza and pasta offering by launching the Panarottis chain — the first effort to diversify away from the core Spur brand.Overall, according to the most recent company update, Spur had 633 outlets in SA and internationally, with 87% of the business being ...
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