Nando's ECONOMIC

Supply Chain & Sourcing Relationships

No public evidence identified of direct procurement by Nando’s from Mehadrin, Hadiklaim, Galilee Export, Agrexco/Carmel Agrexco, or another named Israeli agricultural exporter.¹

No public evidence identified of an Israeli importer-of-record entity, recurring counter-seasonal produce procurement, third-party Israeli distributor, or white-label sourcing arrangement.¹

A 1996 report said Nando’s management was examining branded Israeli retail shops that could sell baked goods, coffee, preserves, sauces, and licensed merchandise; this was a proposal and does not establish manufacturing, procurement, or retail openings.¹

No public evidence identified of Nando’s sourcing, distribution, sales, or revenue in West Bank, East Jerusalem, or Golan Heights settlements.^{2, 3, 4}

Product Origin, Labeling & Regulatory Compliance

No public evidence identified of Nando’s involvement in settlement-origin food investigations, country-of-origin labelling enforcement, customs or DEFRA findings, or a public corporate sourcing or labelling policy for occupied territories.^{2, 3, 4}

The supplied document pre-scan found no mention of “Nando’s” in the 2023 and 2025 OHCHR settlement-business database documents or the 2025 UN Human Rights Council report A/HRC/59/23; the wider supplied pre-scan also found no reference in specified DBIO, PAX, Who Profits, Human Rights Watch, Amnesty, Al-Haq, KLP, BDS, and insurance-sector materials. This is document-scoped and does not establish absence of affiliates, franchisees, principals, or activity beyond those documents’ scope.^{2, 3, 4}

No public evidence identified of a Nando’s-specific parliamentary inquiry, regulatory sanction, court judgment, government contract, or settlement-related NGO investigation within the bounded accountability search.^{2, 3, 4}

Investment, Capital & Financial Exposure

In August 1996, Globes reported that Nando’s International had approved a US$2.7 million plan for 1997–98 to establish nine additional Israeli branches while three branches were then operating; the report documents a planned investment, not completion of every proposed branch.¹

In December 2005, Globes reported that Yuval Doron’s Eddy Global Holdings acquired the local Nando’s network and brand from Nando’s South Africa, with 17 branches then reported; the article does not state the acquisition price or establish continuing Nando’s International equity ownership after the transaction.⁵

A 2007 Globes report described a claim by Nando’s International Holdings and Nando’s Resources for royalties equal to 1% of Israeli restaurant turnover from August 2005; the reported claim is not evidence that royalties were paid.⁶

No public evidence identified of Israeli factories, R&D facilities, technology partnerships, data centres, logistics assets, Israeli sovereign or Israel Bonds holdings, or Israel-focused funds held by Nando’s.⁷

The 85-page Companies House filing for NGHL’s year ended 23 February 2025 was retrieved and inspected directly.⁸ Its company-level investment schedule names direct subsidiaries in the UK, Australia, Canada, South Africa, and New Zealand and 49%-owned investees in Malaysia and Singapore; it does not list an Israel-domiciled direct subsidiary or investee.⁸ Because the schedule is a company-level direct-investment note, it does not by itself exclude every lower-tier entity, franchisee, or unlisted commercial relationship.⁸

The same filing identifies L. Perlman SECS as NGHL’s immediate and ultimate parent and controlling party.⁸ L. Perlman SECS’s 2010 Luxembourg statutes record Leslie Perlman as general partner with five unlimited partnership interests and Yellowwoods Holdings S.a r.l. as limited partner with 49,995 limited interests; Yellowwoods Holdings’ founding statutes record the Taro III Trust as its sole shareholder at formation.^{9, 10} These historical statutes establish the disclosed vehicle structure at formation, not the trust’s current beneficiaries.^{9, 10, 11}

At 23 February 2025, the filing reports seven deep-discounted bonds issued to the related party Yellowwoods Treasury 2 SARL with a combined carrying amount of GBP 503.2 million and GBP 35.0 million of interest expense for the year; it describes Yellowwoods Treasury 2 SARL as related through common directors.⁸ This is a material related-party financing relationship, but the filing does not attribute the funds, income, or counterparty to Israel.⁸

Operational Presence & Market Activity

A January 1994 Telfed magazine item reported that Daniel Brozin held the franchise for the first Israeli Nando’s, recently launched at Neve Amirim, Herzliya, and that two further Israeli branches were planned; this is contemporaneous franchise evidence rather than a company-registry record or proof of subsequent openings.¹²

By August 1996, Globes reported operating Nando’s branches in Tel Aviv, Herzliya, and Haifa, alongside proposals for expansion in Rishon Lezion, Rehovoth, Haifa, Tel Aviv, and the Sharon region.¹

A July 2002 Telfed issue contains a contemporaneous item headed “Nando’s in Israel is on a roll”; the available extract does not establish outlet count, legal entity, ownership, or sourcing, but corroborates that Israeli activity was being described contemporaneously in 2002.¹³

The 2005 Globes report described the locally sold network as having 17 branches and reported plans for kosher locations to serve local demand.⁵

The 2007 report stated that the international companies sought interim relief in the Tel Aviv District Court to prevent Israeli franchisees and sub-franchisees from using Nando’s marks and operating methods after their asserted franchise rights expired.⁶

Nando’s official country locator listed 21 current country markets and did not list Israel when accessed on 30 August 2026; this supports that Israel was not part of the publicly advertised country network at that time, but does not independently rule out every unadvertised commercial relationship.¹⁴

No public evidence identified of post-2020 Nando’s restaurants, offices, warehouses, support centres, employees, or operations in Israel, the West Bank including East Jerusalem, or the Golan Heights.¹⁴

No official Israeli corporate-register extract was supplied that could establish the ownership, directors, current trading status, or group affiliation of a possible Israeli company bearing the Nando’s Chickenland name.⁷

Corporate Structure & Foundational Ties

Nando’s Group Holdings Limited is an active English private limited company, incorporated on 12 December 2007, with a London registered office and SIC 70100, “activities of head offices.”¹⁵

The current PSC register identifies Leslie Perlman as Nando’s Group Holdings Limited’s active person with significant control, with 75% or more voting rights and the right to appoint or remove directors; the register records his nationality as South African and residence as Luxembourg.¹⁶

The current officers record lists Robert Adrian Graham ’t Hooft, Graham Denis Allan, Matthew Edward Bennison, Charles Francis Luyckx, Robert Stephen Papps, and Leslie Perlman as active directors of Nando’s Group Holdings Limited; their listed appointment dates range from 19 March 2008 to 6 February 2026.¹⁷

Nando’s Chickenland Limited is an active English private limited company incorporated on 5 February 1991, with restaurant SIC classifications, and Nando’s terms identify it as the UK website and app operator.^{18, 19, 20}

Nando’s Chickenland Limited’s current PSC is Nando’s Finance Limited, with 75% or more shares and voting rights and the right to appoint or remove directors.¹⁸

Nando’s Finance Limited is an active English holding company whose current PSC is Nando’s Group Limited, with 75% or more shares and voting rights and the right to appoint or remove directors.^{21, 22}

Nando’s Group Limited is currently controlled by Nando’s Group Holdings Limited through 75% or more shares and voting rights and the right to appoint or remove directors.²³

Nando’s terms identify Nando’s Chickenland Limited’s registered office as St Mary’s House, 42 Vicarage Crescent, London SW11 3LD, and its operating address as Erico House, 93–99 Upper Richmond Road, London SW15 2TG; the core terms are dated 17 May 2024.¹⁹

Nando’s Restaurant Group Holdings Limited is an active English holding company incorporated on 14 January 2015, and its PSC record identifies Nando’s Group Holdings Limited as holding 75% or more shares and voting rights and director-appointment/removal rights.^{24, 25}

Nando’s Grocery International Limited is an active English company incorporated on 10 February 2016 with SIC 56290, “other food services,” and its PSC record identifies Nando’s Group Holdings Limited as holding 75% or more shares and voting rights and director-appointment/removal rights.^{26, 27}

Nando’s Limited is an active English company incorporated on 4 August 2010, with stated SIC activities including financial management, leasing intellectual property, and other business support; its PSC record identifies Nando’s Group Holdings Limited as holding 75% or more shares and voting rights and director-appointment/removal rights.^{28, 29}

Nando’s Brand JVCo Limited is an active English company incorporated on 16 January 2015 with SIC 74100, “specialised design activities”; its PSC record identifies Nando’s Group Holdings Limited as holding more than 50% but less than 75% of shares and voting rights.^{30, 31}

The company name Nando’s Brand JVCo Limited does not identify a counterparty or establish the commercial terms of any joint venture.^{30, 31}

Nando’s Sub Continent Holdings Limited is an active English holding company incorporated on 14 January 2015 and registered at the same London address; the retrieved overview does not itself establish its current parent or ownership percentage.³²

Nando’s describes the brand as founded in South Africa, with its founding restaurant context in Rosettenville, Johannesburg, in 1987.³³

The historical reports identify an Israeli franchise relationship and later local ownership through Yuval Doron/Eddy Global, but neither establishes a wholly owned Israeli Nando’s subsidiary.^{5, 6, 1}

No public evidence identified of Nando’s acquiring or controlling an Israeli manufacturer, consumer brand, technology company, infrastructure company, or other Israeli operating company.^{15, 7}

No public evidence identified of Israeli state ownership, government contracts, critical-infrastructure designation, government board appointments, golden shares, Israeli headquarters, Israeli principal place of management, Israeli PTE or tax status, or comparable structural governance links.^{15, 16, 7}

Profit Repatriation & Economic Contribution

The 2007 reported 1%-of-turnover royalty claim describes an alleged contractual route from Israeli restaurant turnover to the international group, but does not verify a remittance, amount, dividend, or duration.⁶

No public evidence identified of Israel-attributed revenue, tax payments, actual royalty or dividend flows, or continuation of Israeli commercial activity after 19 July 2024 or November 2024.^{7, 14}

The historical 1996, 2005, and 2007 reports require primary corroboration through franchise agreements, court records, company-registry extracts, and audited accounts before they can establish completed investments, legal ownership, payments, or the franchise’s end date.^{5, 6, 1}