Everstone to sell Burger King India franchise
In this article (5)
Singapore-based private equity firm Everstone plans to sell its Burger King India franchise.
The firm is reportedly in advanced discussions with Rahul Bhatia-controlled InterGlobe group to sell the franchise a deal worth US$204 million.
The fast-food chain operates 140 outlets, spread across cities in north, west and south India. Last year, its sales reached $54 million.
Everstone has managed Burger King India since 2013, along with Coffee Bean & Tea Leaf, Copper Chimney, Bombay Blue and Noodle Bar in India.
The discussions between the two parties come at a time when Bhatia is in dispute with Rakesh Gangwal over their flagship airline IndiGo.
Questions & Answers
Q.Which company is Everstone reportedly in advanced discussions with to sell the Burger King India franchise?
Which company is Everstone reportedly in advanced discussions with to sell the Burger King India franchise?
Everstone is reportedly in advanced discussions with Rahul Bhatia-controlled InterGlobe group. The deal is worth US$204 million, coming at a time when Bhatia is also in dispute with Rakesh Gangwal over their airline.
Q.What is the reported value of the Burger King India franchise sale?
What is the reported value of the Burger King India franchise sale?
The reported value of the deal to sell the Burger King India franchise is US$204 million. This transaction involves Everstone and the Rahul Bhatia-controlled InterGlobe group, which is currently in advanced discussions.
Q.How many Burger King outlets does the franchise currently operate in India?
How many Burger King outlets does the franchise currently operate in India?
The Burger King India franchise currently operates 140 outlets. These fast-food outlets are spread across various cities in north, west, and south India, indicating a broad geographic presence for the business.
Q.What were the reported sales figures for Burger King India last year?
What were the reported sales figures for Burger King India last year?
Burger King India's reported sales reached $54 million last year. The franchise has been managed by Everstone since 2013, alongside other food and beverage brands in the region.
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