Sarah ChenFood
Burger King Korea Opens Seoul Flagship Store as It Chases 1.1 Trillion Won in Sales
Local operator BKR will launch a reservation-only concept in Seongsu on September 10 while targeting an expansion past 600 outlets nationwide.
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Stories tagged burger king
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Maria SantosFood
Burger King’s Vietnam Retreat: High-End Competition Forces Fast-Food Giant to Scale Back Operations
Burger King, the renowned American fast food titan, has shuttered all its outlets in Hanoi, marking the end of over a decade-long presence in the city and simultaneously narrowing its footprint in Ho Chi Minh City. Shutting Down Operations Imex Pan Pacific…
Aiko TanakaFood
Everstone Capital Sells $57M Stake in Burger King’s India, Indonesia Franchisee, Ajanta Pharma Founders to Invest
Private equity firm Everstone is set to sell its entire stake, amounting to 11.26 per cent, in Restaurant Brands Asia, a franchisee operating in India and Indonesia for fast-food giant Burger King. Those familiar with the matter have confirmed that the deal…
Aiko TanakaFood
Goldman Sachs in Exclusive Talks for $452M Acquisition of Burger King Japan
Goldman Sachs is reportedly in exclusive negotiations to acquire the Japan operations of Burger King from Hong Kong-based private equity firm, Affinity Equity Partners. The transaction is speculated to be worth around 70 billion yen (approximately US$452…
Maria SantosFood
Burger King China’s Explosive Expansion: $350M Investment Fuels Rise to 4000 Outlets by 2035
Restaurant Brands International (RBI) has recently confirmed a $350 million investment deal toward their Burger King China operation via a newly formed partnership with Chinese alternative asset manager, CPE. With a well-established reputation for scaling…
Sarah ChenFood
Burger King Gears Up for Expansion in China with $350M Investment, Targeting 4,000 Outlets by 2035
Restaurant Brands International (RBI) recently secured a $350 million investment for its Burger King China division, as part of a new joint venture with China-based alternative asset manager, CPE. This significant investment will support Burger King’s…
Rajiv MenonFood
Burger King parent Restaurant Brands takes full control of China business
Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about US$158 million, giving it nearly total ownership of the business. The fast food chain operator said it would engage its advisors to…
Minjun ParkFood
Hong Kong fund to sell Japan, South Korea Burger King business
Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than US$1 billion, a person with knowledge of the matter told Reuters. Hong…
Rajiv MenonFood
Sale of China’s Burger King franchise at stake
TAB Food Investments is looking to sell its 50-per-cent stake in Burger King’s China operations, which could value the asset at more than $1.2 billion, according to Bloomberg. TAB Food is the largest global franchisee of Restaurant Brands International and…
Sarah ChenFood
Burger King unveils ‘touchless’ hamburger ordering concept
Burger King has unveiled a new ‘touchless’ concept store, designed to meet the challenges of business during a pandemic and adapt to the future “new normal”. The US store features physically contactless experiences such as mobile ordering and curbside pick-up…
Aiko TanakaFood
Burger King Taiwan gives away 10,000 burgers to McDonald’s, KFC customers
Burger King Taiwan is holding a marketing campaign offering 10,000 free burgers to customers of rivals McDonald’s and KFC. Consumers are being invited to swap a same-day receipt for a set meal at either franchise to receive a free Burger King burger. Burger…
Wei ZhangFood
Everstone may quit Burger King Indonesia stake
Private equity firm Everstone Capital may withdraw from its involvement in Sari Burger Indonesia (SBI), the country’s master franchise owner of Burger King. A DealStreetAsia report revealed the firm has been speaking with banks and advisers over the course of…
Sarah ChenFood
Burger King APAC opens 3,000th restaurant
The Burger King Asia-Pacific network has reached a milestone, the 3000th restaurant which just opened in Shanghai. The new restaurant in China is a joint venture owned by Burger King, TFI TAB Food Investments and Cartesian Capital. “We have served the…
Rajiv MenonFood
Burger King China operator mulls Hong Kong IPO
Burger King China’s owner is mulling a public listing in Hong Kong which could value the business at around US$1 billion. According to sources quoted by international business media, the Hong Kong plan is a fallback after plans to list the business in the US…
Maria SantosFood
Everstone to sell Burger King India franchise
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…
Maria SantosFood
Burger King slammed for ‘racist’ ad promoting Vietnamese burger
The clip shows several people tying and failing to eat a burger with large, red chopsticks. A caption accompanying the video read “Take your taste buds all the way to Ho Chi Minh City with our Vietnamese Sweet Chilli Tendercrisp.” The video, shared by Maria…