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Home»Finance»Restaurant Brands takes full control of Burger King China
Finance

Restaurant Brands takes full control of Burger King China

February 18, 2025No Comments1 Min Read
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Restaurant Brands takes full control of Burger King China
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(Reuters) – Restaurant Manufacturers Worldwide mentioned on Tuesday it has purchased stakes in Burger King China from its native franchisee for about $158 million, giving it practically whole possession of the enterprise.

The quick meals chain operator mentioned it will have interaction its advisors to work on figuring out a brand new native associate to take a position into the enterprise.

The corporate has been engaged on its China technique for its Burger King enterprise which confronted softening demand within the second largest market, amid a pressured client spending and stiff competitors.

Restaurant Manufacturers acquired the stakes in Burger King China from a holding firm TFI Asia Holdings BV and a blank-check agency Pangaea Two Acquisition Holdings XXIII.

Restaurant Manufacturers had 1,474 Burger King eating places in China, as of December 31, 2024.

(Reporting by Anuja Bharat Mistry in Bengaluru; Modifying by Shailesh Kuber)

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