Taste Holdings takes knock as it aims for growth

JSE-listed Taste Holdings reported an operating loss of R78.7-million for the year ended February 29, compared with a R31.6-million profit in the year ended February 28, 2015. In 24 months, Taste Holdings had become the licensee of the worlds’ leading pizza delivery and ecommerce brand, Domino’s Pizza; the world’s leading coffee roaster and retailer, Starbucks Coffee, opening its first store in Midrand’s Mall of Africa in April; and was the leading retailer (by number of outlets) of luxury Swiss watches.