Nando's Group Holdings revenues worldwide 2010-2019
Nando’s revenues hit a high of over one billion million British pounds in the financial year ending February 24, 2019, following an increasing trend over the last ten years. The group claimed revenue was driven by organic growth in key markets, and increased sales from franchise acquisitions. As the Group continued to invest in new restaurants, the expansion once again impacted Nando’s profits with a reported loss of 25 million pounds before tax.
Brits’ taste for Peri Peri – is the UK Nando’s biggest market?
Nando’s Group Holdings operates and franchises chain restaurants under the Nando’s brand across all global markets except South Africa. As Nando’s expands, the United Kingdom remains one of the brand’s most important markets, where it is a leader in the casual dining industry. In total the Group operated 937 Nando’s restaurants worldwide at the end of 2018, with the number of restaurants in the UK reaching over 400 in 2019.
Is Nando’s Portuguese?
Nando’s was founded in Johannesburg, South Africa in 1987 by Portuguese entrepreneur Fernando Duarte and friend Robbie Brozin. The two bought ‘Chickenland’, the restaurant where they first tasted the Portuguese-style chicken marinated in a Peri Peri sauce that would form the concept of Nando’s, before expanding across the globe. Peri Peri was first introduced to Portuguese settlers by Africans in Mozambique (the Portuguese-colony where Duarte was also born). So, while Nando’s is South African in origin, the cuisine is considered Portuguese. Nando’s now operates franchises in South Africa. Nando’s Group Holdings is headquartered in London.
Brits’ taste for Peri Peri – is the UK Nando’s biggest market?
Nando’s Group Holdings operates and franchises chain restaurants under the Nando’s brand across all global markets except South Africa. As Nando’s expands, the United Kingdom remains one of the brand’s most important markets, where it is a leader in the casual dining industry. In total the Group operated 937 Nando’s restaurants worldwide at the end of 2018, with the number of restaurants in the UK reaching over 400 in 2019.
Is Nando’s Portuguese?
Nando’s was founded in Johannesburg, South Africa in 1987 by Portuguese entrepreneur Fernando Duarte and friend Robbie Brozin. The two bought ‘Chickenland’, the restaurant where they first tasted the Portuguese-style chicken marinated in a Peri Peri sauce that would form the concept of Nando’s, before expanding across the globe. Peri Peri was first introduced to Portuguese settlers by Africans in Mozambique (the Portuguese-colony where Duarte was also born). So, while Nando’s is South African in origin, the cuisine is considered Portuguese. Nando’s now operates franchises in South Africa. Nando’s Group Holdings is headquartered in London.
