Spur will open a new Doppio Zero restaurant in Zimbabwe, hoping to take a bigger bite of the country’s increasingly competitive restaurant market.For Spur, Zimbabwe is the second-best-performing market in its rest-of-Africa segment by revenue, behind Namibia. This is despite Zimbabwe having nine outlets compared to 25 in Zambia, which is in third place, likely reflecting price differences.Now the restaurant chain wants to increase its presence in Zimbabwe by adding a new brand to the market.Spur Corporation CEO Val Nichas said the new Doppio restaurant will open in Harare in November. “We visualise it being a small specialty chain. I would say it probably won’t go over 50/60, but you know, it depends on how the market evolves. Might expand, you never know. But I don’t think it will be big.”The new Doppio Zero restaurant will be located at Cardinals Corner, a new complex being developed by Terrace Africa in Harare.Spur’s total restaurant sales, including international outlets, were up 8.3% to R11.4bn in the past year. The company has 724 outlets in 14 countries, including Australia, Zambia, and Mauritius. It exited the Middle East and India but will open 42 new restaurants in South Africa and 14 internationally.
Spur will open a new Doppio Zero restaurant in Zimbabwe, hoping to take a bigger bite of the country’s increasingly competitive restaurant market.
For Spur, Zimbabwe is the second-best-performing market in its rest-of-Africa segment by revenue, behind Namibia. This is despite Zimbabwe having nine outlets compared to 25 in Zambia, which is in third place, likely reflecting price differences.
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Source: NewZWire
