Famous Brands Limited (JSE:FBR) is looking for buyers for its non-core assets, after reporting lower full-year earnings as weaker consumer spending dampened demand. The group said that in the medium term it would look for opportunities to divest from non-core assets. "We continue to evaluate opportunities to divest from non-core assets.

We seek optimal disposal options of such assets to unlock value for shareholders," the company said, without mentioning which assets it had identified as non-core. "We will maintain a well-managed debt profile and continue to provide attractive returns to shareholders".