Munyeza acquires Mugg & Bean franchise

Munyeza acquires Mugg & Bean franchise
African Sun's CEO Dr Shingi Munyeza
Published: 18 November 2013
African Sun's CEO Dr Shingi Munyeza has acquired the franchise for South African food outlet, Mugg & Bean for the Zimbabwean market.

Munyeza said he acquired the franchise for the specialised coffee shop from South Africa's Famous Brands under his family investment portfolio in May but opened the first outlet on November 1 in Harare.

He said he invested $400 000 in the project and planned to add 3 more outlets over the next year.

Fast foods group Famous Brands bought the holding company of coffee and restaurant chain Mugg & Bean in 2009.

Famous Brands, which also owns Wimpy, Steers and Debonairs, will paid R104m for Mugg & Bean at that time.

Other Famous Brands franchises in Zimbabwe include Wimpy and Steers fast food outlets.


- dailynews
Tags: Munyeza,

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