Juice bar franchise cuts costs
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JUICE maker Signature Brands says its operating costs will be reduced following a restructure of its business, including the closure of some of its juice bar outlets. Signature said it was negotiating the sale, closure or franchising of individual outlets within its juice bar network. The strategy will ensure Signature has a royalty-based income stream generated from a percentage of sales across its domestic, Asia-Pacific and Middle East franchise system. The restructure should also reduce the operating earnings before interest, tax and amortisation loss of $997,000 incurred in the four months to October. This was a $365,000 improvement on the same time last year. |
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