Restaurant Brands International Announces Plan for Burger King® in China

Core Insights - Restaurant Brands International Inc. (RBI) has acquired nearly 100% of Burger King China for approximately $158 million in an all-cash transaction, demonstrating its commitment to long-term growth in the region [1][2] - The company plans to engage advisors to identify a new local operating partner to inject primary capital and become the controlling shareholder, aligning with its strategy of partnering with experienced local operators while maintaining a primarily franchised business [2][4] Company Background - RBI is one of the world's largest quick service restaurant companies, with nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories [5] - The company owns four prominent quick service restaurant brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs, which have been serving their respective markets for decades [5] Historical Context - TFI Asia Holdings has been a key partner in expanding Burger King in China, growing the number of restaurants from approximately 60 in 2012 to around 1,500 today [3] - Cartesian has also played a significant role in supporting Burger King's development in China and continues to partner with RBI in growing the Tim Hortons business in the region [3]