Taste is a South African based management group that is invested in a portfolio of mostly franchised, category specialist and formula driven, quick service restaurant and retail brands.
The group is primarily involved in the establishment of new businesses; in marketing and advertising the brands; and in operational support to the franchised restaurants.
The objective of the group is to become a vertically integrated, diversified franchise company driven by organic and acquisitive growth.
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Taste Holdings announced today that it has entered into a sale agreement with The Traditional Fish and Chips (Pty) Ltd to acquire from it, the approx 170 franchised outlet business of The Fish & Chip Co with effect from 1 February 2012.
The purchase price of R66m includes all assets of the business including stock, trade debtors, the distribution centre and any payments paid in advance to secure new stores still to be opened.
The purchase price of R66m includes all assets of the business including stock, trade debtors, the distribution centre and any payments paid in advance to secure new stores still to be opened.
