GBK lfls down 8.2% year to date

Famous Brands, the South African-based company, which acquired GBK for £120m in September 2016, said the better burger chain’s trading position declined year-on-year with like-for-like sales down c12.6% over two years, and down c8.2% year to date, as it initiated a Company Voluntary Agreement (CVA) process for the struggling business.