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Burger King to enter China joint venture, plans to double stores

Cover Image for Burger King to enter China joint venture, plans to double stores

Under the new blueprint, Burger King China will seek to double the chain’s number of restaurants in the country “within five years” and reach more than 4,000 locations by 2035.

BEIJING: US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent company said, selling its controlling stake to form a new joint venture powered by hundreds of millions of dollars in local investment.

International brands have in recent years sought to pivot their strategies in the world’s number two economy, where a persistent spending slump and increasingly digitalised services shape new consumption habits.

The Florida-based hamburger giant — owned by Canadian multinational Restaurant Brands International (RBI) since 2014 — entered the Chinese market in 2005.

Tags:Burger KingChinaEconomyfoodrestaurantsUS


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