Famous Brands Limited (JSE:FBR) acquired a 51% stake in Lexis Healthy Eatery Pty Ltd on March 30, 2022. The consideration will be settled from cash reserves. The acquisition will be effective from April 1, 2022. The Standard Bank of South Africa Limited acted as financial advisor to Famous Brands Limited (JSE:FBR).

Famous Brands Limited (JSE:FBR) completed the acquisition of a 51% stake in Lexis Healthy Eatery Pty Ltd on March 30, 2022.