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Retail Asia19/01/2022

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 Kong-based Affinity has appointed Goldman Sachs to run the sale, which is […]

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Retail Asia21/09/2020

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 runs more than 1200 Burger King locations across China. The business had expressed interest in […]

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Retail Asia08/09/2020

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 areas and drive-in and walk-up order areas. “In March our in-house design and tech team […]

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Retail Asia16/12/2019

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 King Taiwan, which has traded for 29 years, has lagged behind rival […]

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Retail Asia08/11/2019

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 this year about the potential move. Everstone is currently in a partnership with Indonesian retail […]

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Retail Asia31/10/2019

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 Asia-Pacific market for more than 40 years, and have grown rapidly in the region […]

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Retail Asia06/09/2019

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 last year were shelved. Burger King China is owned by […]

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Retail Asia31/07/2019

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 […]

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Retail Asia23/05/2019

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 Mo via the account @mariahmocarey, has received more than 2.7 […]

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Retail Asia15/11/2018

TFI TAB Food Investments, the exclusive operator of Burger King in the Turkish and Chinese markets, has withdrawn its expected US$220 million IPO in the US. Citing market volatility, TFI TAB withdrew the filing nine months after postponing the Burger King IPO following instabilities in Wall Street trading. The filing had already been scaled back […]

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Retail Asia12/10/2018

Burger King, the world’s second-biggest burger chain, is set to launch a string of restaurants in sub-Saharan Africa, including Nigeria, according to a senior executive. Daniel Schwartz, chief executive of Burger King’s parent company, Restaurant Brands International, told that the region was seen as a “huge opportunity”. Africa has mouth-watering demographics for any fast-food chain, […]

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Retail Asia01/10/2018

Five years after setting up the franchise for Burger King in India, homegrown PE firm Everstone Capital is set to offload a minority stake in the quick service restaurant (QSR) chain. Everstone, which holds about 88% of Burger King India, will offload 20%, valuing the chain at $300-350 million, according to two people aware of […]

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Retail Asia16/07/2018

Fast food chain Burger King is preparing to open 16 new stores by the end of this year in Thailand. Prapat Siangjan, Burger King Thailand GM, said the company also plans to open 15 stores annually in 2019 and 2020, taking the network to 131. The stores will be opened near tourist spots and petrol […]

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Retail Asia11/07/2018

Burger King Thailand is set to open around 15 stores per year over the next three years with gas stations a major focus. Of the 16 stores to be opened in the second half of 2018, ten locations with be drive-thrus at gas stations, with the company identifying this segment as a bigger spending market […]

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Retail Asia15/02/2018

McDonald’s Japan plans to open more stores this year, its first expansion in a decade. At the same time, rival Burger King is working on tripling its Japanese locations to 300 by 2022 at a cost of ¥5 billion (US$45.5 million). With a 4.5-fold increase in group net profit last year, McDonald’s Holdings logged a […]

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Retail Asia15/12/2017

Burger King AsiaPac has signed a master franchise agreement with Nexus Point Management to further develop the fast-food brand in Taiwan. Terms of the transaction have not been disclosed. Burger King president Jose Cil says Taiwan is one of the largest quick-service restaurant markets in Asia Pacific. Nexus Point managing partner Kuo Chuan Kung says […]

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Retail Asia06/12/2017

American fast-food chain Burger King, in the second year of its India operations, grew 69% to post sales of Rs 237 crore during FY17 when most quick-service restaurants were struggling with stagnant sales. In the 2016-17 fiscal, the company generated average sales of Rs 2.7 crore from each of its 88 outlets opened till March, […]

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Retail Asia04/12/2017

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US global fast-food chain BURGER KING has teamed up with Hong Kong-based on-demand delivery app and Thailand’s top food delivery platform, Lalamove, to launch its new partnership in November 2017 that will ensure better delivery of perfectly flame-grilled burgers to online customers all over Thailand. Burger King is the first fast-food burger restaurant chain to […]

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Retail Asia19/10/2017

Affinity Equity Partners of Hong Kong has bought Burger King’s Japanese business from South Korea’s Lotte Group for an undisclosed sum. A new entity set up by Affinity, Burger King Japan Holdings, is expected to take over the roughly 100 fast-food outlets next month, reports Nikkei Asian Review. The US burger chain had pulled out of […]

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Retail Asia12/07/2017

American global fast food chain, Burger King has opened its third local outlet at the Nadi International Airport yesterday. The new outlet known as the “landside” restaurant will be accessible to all customers who visit the airport. Burger King initially started its Fiji operations at the Nadi International Airport on November 16, 2015 with the […]

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