Key Milestones

    2017
    - Focus on debt repayment and asset release
    - Focus on profitability for the business
    - Continuation of asset sweating and maintenance
    - Settlement of FCMB loan
    - Issuance of convertible loans
    - Sale of Food Concepts 14.29% stake in FCPL to Pioneer Foods

    2016
    - Introduction of value meal offering
    - Focus on asset sweating & maintenance
    - Resolution of the UBA issue
    - Driving volumes
    - Managing cashflows
    - Financial discipline and accountability
    - Focus on supply chain efficiency generation
    - Operational excellence
    - Focus on people capability
    - Adoption of good corporate governance
    - Appointment of new chairman
    2015
    - Demerger of the Mass Market  division (Butterfield) into FCPL- a 100% subsidiary of Food Concept
    - Investment by Pioneer Foods into FCPL diluting Food Concepts Plc’s stake to 49.9%
    - Additional investment by ADPI Holding 9 via a convertible loan into the business resulting in some new store openings and revamps
    - Introduction of the Express and Drive thru store concepts
    - IT & Systems support for decision making (ICG)
    2014
    - Recruited a new CEO & CFO for the business
    - The former CEO became the Chairman of the board
    2013
    - The Company adopted IFRS
    2012
    - Business demerged the Free Range Farms division into a stand-alone Company
    - ADPI Holding 9 (a fund of DPI) invested in Food Concept Plc
    2011
    -IFC invested in the business for strategic expansion
    2010
    - Launched the Pizza Republic
    - Opened our 65th CR store
    - Oracle implementation
    2009
    - Launched Free Range Farms
    - Opened our 50th CR store & 9th Butterfield Bakery
    - Launched Central Kitchen
    - Awarded ISO certification
    2008
    - Food Concept became a Public Liability Company
    - Opened our 1st CR store in Ghana
    2007
    - Launched 1st Franchised outlet
    2006
    - Opened Reeds Thai Fusion Restaurant & Lounge
    2005
    - Opened our 10th CR store
    2004
    - Developed & Launched Chicken Republic
    2003
    - Launched Butterfield Bakery in Nigeria
    2002
    - Developed & launched Scoops Ice-cream
    2001
    - Pioneered the food court concept in Nigeria with St. Elmo’s Pizzeria & Chicken Licken