汉堡王中国“易主”：CPE源峰控股83%，目标2035年门店达到4000家

Group 1 - The well-known fast-food chain "Burger King" in China has entered a strategic partnership with private equity firm CPE Yuanfeng, forming a joint venture named "Burger King China" [2][3] - After the transaction, CPE Yuanfeng will hold approximately 83% of the shares in Burger King China, while the original parent company RBI will retain about 17% [3] - CPE Yuanfeng will inject an initial capital of $350 million into Burger King China to support restaurant expansion, marketing, menu innovation, and operational improvements [3] Group 2 - A 20-year master development agreement will be signed by the wholly-owned affiliates of Burger King China, ensuring exclusive rights to develop the Burger King brand in the Chinese market [3] - RBI's role will shift from direct operator to brand licensor, beginning to collect franchise fees according to international practices [3] - The transaction is expected to be completed by the first quarter of 2026, subject to regulatory approval [3] Group 3 - The plan aims to expand the number of Burger King stores in China from approximately 1,250 to over 4,000 by 2035, requiring an average of 270 new stores to be opened annually over the next decade [3] - As of September 30, Burger King China's system sales were $172 million (approximately 1.22 billion RMB), with same-store sales growth of 10.5% [4] - For the first nine months of the year, Burger King China's system sales were approximately $481 million (around 3.42 billion RMB), with an annual revenue of about 5 billion RMB [4]