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 & Analysis

  • Cerro RicoSatanic mines

    Devil worship in the tunnels of the man-eating mountain


  • Nefertiti MenoeWar of words

    The woman who sparked a row over 'speaking white'


  • Oil pumpPump change

    What would ending the US oil export ban do to petrol prices?


  • Brazilian Scene, Ceara, in 1893Sir Snapshot

    19th Century Brazil seen through the eyes of an Englishman


Elsewhere on the BBC

  • SailingGame on

    BBC Capital discovers why certain sports seem to have a special appeal for those with deep pockets

Programmes

  • European Union's anti-terrorism chief Gilles de KerchoveHARDtalk Watch

    Anti-terrorism chief Gilles de Kerchove on the threat from returning Islamic State fighters

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.