Burger King to open 1,000 restaurants in China

Burger King logo Burger King is aiming to relist on the New York Stock Exchange this summer

Related Stories

Fast-food giant Burger King has said it will open 1,000 restaurants in China over the next five to seven years.

The announcement comes after the group signed a joint venture agreement with the Kurdoglu family, which is already Burger King's largest franchisee, and private equity firm Cartesian Capital.

Burger King currently owns 63 outlets in China. Rival McDonald's owns 1,400.

Other fast-food groups are also looking to take advantage of China's rapidly-growing middle classes.

In April this year, Miami-based Burger King announced its intention to relist on the New York Stock Exchange after its owner, private equity group 3G Capital, agreed to sell a 29% stake in the company for $1.4bn (£890m) to UK-based investment vehicle Justice Holdings.

3G Capital, which bought Burger King for $3.26bn in September 2010, retains a 71% stake in the company.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • Peaky Blinders publicity shotBrum do

    Why is the Birmingham accent so difficult to mimic?


  • Oliver CromwellA brief history

    The 900-year-story behind the creation of a UK parliament


  • Image of Ankor Wat using lidarJungle Atlantis

    How lasers have revealed an ancient city beneath the forest


  • ShakespeareBard taste? Watch

    Are trailer videos on social media spoiling theatre?


  • Agents with the US Secret Service, such as this one, are responsible for guarding the presidentHard at work

    White House break-in adds to Secret Service woes


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.