The move comes as Restaurant Brands International, the parent company of Burger King, advances a broader restructuring of its Asian operations. Last week, the company agreed to sell an 83% stake in Burger King China to Chinese private equity firm CPE for $350m. RBI will keep a 17% stake and retain a board seat. Western restaurant chains are increasingly turning to domestic private equity partners in China as consumer spending weakens and global investors become more cautious. Starbucks recently agreed to sell a 60% stake in its China arm to Boyu Capital, a firm linked to Alvin Jiang. Burger King China operated 1,474 restaurants at the end of 2024, making it RBI's largest global market. However, average sales were about $400,000 per store, far below markets such as France, where locations generated $3.8m. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other...
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