Avis SA in talks with franchisor over Budget brand
June 17, 2003
Avis Southern Africa, the listed car rental and tourism firm, was involved in discussions with Avis plc, its franchisor, over the worldwide rights Avis plc had recently acquired to the Budget car rental brand.
This acquisition has resulted in Avis plc possibly being in conflict with a restraint of trade or non-competition clause in its licensing agreement with Avis SA
.
The Budget Rent A Car Southern Africa franchise was held by McCarthy Motor Holdings, the motor retailing division of McCarthy Retail.
Glenn van Heerden, Avis SA's chairman, confirmed at the weekend that the firm had already had initial discussions with Avis plc. He was reluctant to expand on the specifics of these discussions. - Roy Cokayne, Pretoria
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