Group 1 - Restaurant Brands International (RBI) has finalized a joint venture with Chinese investment company CPE to reshape Burger King's ownership structure in China [1][2] - CPE has provided $350 million in new primary capital to the joint venture, which now holds 83% of the equity, while RBI retains a 17% minority interest [1][2] - The joint venture aims to combine Burger King's global brand with CPE's local market expertise to accelerate restaurant rollout and enhance customer experience [2][3] Group 2 - A wholly owned subsidiary of Burger King China has signed a 20-year master development agreement, granting exclusive rights to establish and operate the brand throughout mainland China [3] - The target is to expand Burger King's store count in China from approximately 1,250 outlets to over 4,000 by 2035, with a focus on same-store sales growth through execution and food standards [3][4] - RBI's CEO emphasized that China represents a significant long-term growth opportunity for Burger King, supported by a clear strategy focused on food quality and brand relevance [4]
RBI and CPE finalise Burger King China JV