Nando's Group Holdings revenue worldwide 2010-2020
Nando’s revenues hit a high of over one billion British pounds in the financial year ending February 23, 2020, 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 99 million pounds before tax in 2020, though restrictions on indoor dining due to the coronavirus (COVID-19) pandemic also contributed to this.
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 key markets, where it is among the nation's most popular casual dining chains. In total the Group operated 958 Nando’s restaurants worldwide at the end of 2020, with the number of restaurants in the UK reaching over 400 in the same year.
Nando’s origins
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). Nando’s now operates franchises in South Africa, while 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 key markets, where it is among the nation's most popular casual dining chains. In total the Group operated 958 Nando’s restaurants worldwide at the end of 2020, with the number of restaurants in the UK reaching over 400 in the same year.
Nando’s origins
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). Nando’s now operates franchises in South Africa, while Nando’s Group Holdings is headquartered in London.
