Restaurant Brands International to form joint venture for Burger King China to accelerate expansion

News Brief

Summary

Restaurant Brands International (RBI) is forming a joint venture with Chinese asset manager CPE to operate and expand Burger King in China. CPE will own a majority stake and invest heavily to more than double the number of restaurants over the next decade.

Key Points

  • Partnership: RBI partners with Chinese asset manager CPE for a Burger King China joint venture.
  • Ownership: CPE will own approximately 83% of the venture; RBI will hold about 17%.
  • Investment: CPE plans to invest $350 million into the joint venture for marketing, menu innovation, and expansion.
  • Expansion Goal: Aim to increase restaurants from ~1,250 to over 4,000 by 2035.
  • Context: Follows a recent trend of Western chains forming local partnerships in China, similar to Starbucks.
  • Timeline: Deal expected to finalize in Q1 2026, pending regulatory approval.

新闻简报

总结

餐饮品牌国际公司(RBI)将与中国资产管理公司信宸资本(CPE)成立一家合资企业,以运营并大力扩张中国的汉堡王业务。CPE将持有合资企业多数股权,并计划在未来十年内将餐厅数量增加一倍以上。

关键点

  • 合作伙伴: RBI与中国信宸资本(CPE)成立合资企业,运营汉堡王中国业务。
  • 股权结构: CPE将持有约83%的股份;RBI将持有约17%的股份。
  • 投资计划: CPE计划向合资企业投资3.5亿美元,用于市场营销、菜单创新和餐厅扩张。
  • 扩张目标: 目标在未来十年内将餐厅数量从目前的约1250家增至4000家以上。
  • 行业背景: 此举顺应了西方连锁品牌在中国寻求本地合作伙伴的趋势,星巴克近期也采取了类似行动。
  • 时间表: 交易预计在2026年第一季度完成,尚待监管批准。

Original Article Link: https://www.cnbc.com/2025/11/10/restaurant-brands-international-to-form-burger-king-china-joint-venture-with-cpe.html

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