Simbisa in US$19,3m expansion drive

RESTAURANT chain, Simbisa Brands Limited (SBL) will spend US$19,3 million on 92 new stores for its 2022 financial year as it seeks to expand its footprint.

This comes as part of the group’s efforts to mitigate against the impact of COVID-19 restrictions that have meant fewer trading hours for the company on a daily basis.

“The group’s focus remains on growing our footprint with 92 new stores in the pipeline in FY22 at an estimated investment cost of US$19,3 million.

This story is for NewsDay subscribers.