Burger King still operating in Russia despite vow to quit 18 months ago Russia Burger King is still operating in Russia despite a promise from its owner that it would cease operations in the country more than a year ago. Restaurants Brand International (RBI) – which owns 15 per cent of the fast food chains franchise business in Russia- told the BBC it had “no new updates to share [...]
Burger King inks whopper deal for ownership of 74 restaurants FAST FOOD Burger King has snapped up a swathe of restaurants from its second largest franchise partner, in its largest ever franchise consolidation. The fast food chain’s UK arm said an indirect acquisition of all 74 restaurants under Karali Limited and Teresina Limited would boost its plans to expand its owned and sub-franchised portfolio. Burger King UK’s [...]
Domino’s appoints former Burger King executive as interim chief Domino's Domino’s has announced today that Elias Diaz Sese will take over as interim chief of the firm in October as it hunts for a permanent replacement for outgoing boss Dominic Paul.
Workers supplying KFC, Burger King and Greene King latest join to picket line November 24, 2022 Hundreds of workers who deliver food to chains like Burger King and KFC are to walk out this winter, as well as employees who brew and distribute Greene King drinks. Workers for the food delivery firm behind KFC, Burger King, Pizza Hut and Wagamama are set to strike over a pay dispute, GMB union bosses [...]
Burger King takes over 12 restaurants from franchisees December 27, 2021 Burger King UK announced this morning it has struck an agreement to snap up 12 new restaurants from franchise partners. The master franchisee for Burger King in the UK has confirmed it will take over all the fast food chain’s restaurants operated by franchise companies Kaykem Fast Foods Limited and Saxby. The deal will continue [...]
Burger King UK’s owners court investors ahead of £600m float February 14, 2022 Burger King UK’s private equity owners have begun a charm offensive with investors as they look to build support to float the firm’s UK division in the first half of this year.
Burger King owner’s shares tumble on back of revenue update October 25, 2021 A lower than expected appetite for Burger King and Tim Hortons caused parent company Restaurant Brands International (RBI) to miss quarterly revenue estimates. While the company’s total sales jumped by 10.8 per cent the latest quarter after declining 5.4 per cent over the same period in 2020, the group continued to feel the impacts of [...]
Burger King plots 200 new UK restaurants as fast food giant eyes whopper £600m London float April 25, 2022 Burger King is eyeing an additional 200 restaurants in the UK over the next four years, after “significant under-penetration” in the country’s market. The burger chain, which has been eyeing a London float since last year, said its adjusted EBITDA nearly tripled to £49.5m. In results for the year ended 31 December, the fast food [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]