,China
3 views

Burger King China franchisee exploring sale: report

Deliberations are at the early stage.

The biggest franchisee of Burger King is weighing a sale of its China business in a deal that would value it at US$1.2 billion.

Citing people with knowledge of the matter, Bloomberg reported that TAB Food Investments (TFI), also the largest global franchisee of Restaurant Brands International Inc. (RBI), is working with an adviser to gauge interest for its 50% stake in Burger King’s Chinese operations from potential suitors, including private equity firms.

A sale may start as soon as next month, the people said, but deliberations remain at an early stage. It is said that TFI could decide to keep the business or possibly revive its IPO plans.

The company is also a franchisee of Popeyes in China, another RBI brand that opened its first restaurant in Shanghai this year as part of a plan to open more than 1,500 fried chicken restaurants in the country over the next decade.

Read the full report here.

Get QSRMedia Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The country’s health ministry said the government will review the measures in two weeks.
The upcoming opening will also be the brand’s Southeast Asian debut.
The commemorative store is located on Des Voeux Road in Central.
A portion of the profits from this collection will support healthcare workers who are impacted by COVID-19 through the Thai Red Cross Society.
The fast food conglomerate partnered with DoubleDragon Properties Corporation.
Deliveroo customers will be the first to avail of the item
Restaurants' sales were up 89.5%.
The group said take-out sales and government subsidies helped.
Delivery Hero has been trying to sell Yogiyo in order to acquire Woowa Brothers.
The outlet features a 168-seater space with 9 food stalls. 
There are currently 16 Shacks open in the market.