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Burger King owner Restaurant Brands buys franchisee Carrols for $1 billion
QSRRestaurant Brands International(QSR) Fox Business·2024-01-16 20:05

Burger King's parent company is buying Carrols Restaurant Group, the fast food chain's largest U.S. franchisee, for a whopping 1billion.RestaurantBrandsInternationalInc.,whichownsBurgerKing,TimHortons,PopeyesandFirehouseSubs,willpurchaseCarrolsfor1 billion. Restaurant Brands International Inc., which owns Burger King, Tim Hortons, Popeyes and Firehouse Subs, will purchase Carrols for 9.55 per share in an all cash transaction, the company announced Tuesday. Carrols operates 1,022 Burger King restaurants in 23 states, which brought in approximately $1.8 billion of system sales in 2023, as well as 60 Popeyes restaurants in si ...