>Famous Brands buys O’Hagans

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>Franchise company Famous Brands has almost doubled its exposure to the pub-restaurant sector it only bought into three months ago, with the purchase of 26 O’Hagans pubs from owner John Weir-Smith.

The 26 O’Hagan’s outlets — 22 in South Africa, one in Botswana, one in Zambia and two in Zimbabwe — for which Famous Brands only said it paid “less than 0,5%” of its R4bn-odd market capitalisation, adds to the 32 Keg and McGinty’s operations in the portfolio the company bought in August.

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