Tag: duncan crosson

Taste Holdings to liquidate food business, hitting 770 jobs

Taste’s move to liquidate the business comes after South Africa entered its second recession in two years in the final quarter of last year.

Taste Holdings liquidates its food business, CEO Duncan Crosson sheds more light on the way forward

The management of the food franchising company Taste Holdings – the company behind the brands Starbucks and Dominos Pizza -will meet with staff set to lose their jobs in the company’s liquidation. Taste Holdings has closed down 55 stores making 770 workers redundant. The liquidation came after Taste Holdings failed to find a buyer for its licencing agreement for Dominos Pizza. Duncan Crosson, CEO of Taste holdings joins CNBC Africa for more.

Food business no longer Taste’s speciality

Taste Holdings, the food and luxury goods retailer has been struggling to find its footing in a changing economy. The company, which owned the licence to American brand, Starbucks coffee until recently, has had to offload its other food brands as it tries to claw back some investor value. Joining CNBC Africa is newly appointed CEO, Duncan Crosson.