Page 2 - Burger King

Burger King weakness drives sales miss at parent Restaurant Brands

Toronto, Canada-based Restaurant Brands posted an adjusted profit of 90 cents per share, beating estimates of 86 cents

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

Everstone Capital sells 25.3% stake in Burger King owner for Rs 1,494 crore

A promoter of Restaurant Brands Asia, which owns Burger King brand in India, on Friday divested a 25.3 per cent stake in the firm for Rs 1,494 crore through an open market transaction. Everstone Capital through its investment vehicle Qsr Asia Pte Ltd offloaded the shares of the Restaurant Brands Asia on the NSE and the latter is a part of Singapore-headquartered Everstone Group. Amal N Parikh, Tata Mutual Fund (MF), Quant MF, Plutus Wealth Management LLP, Franklin Singapore 3 Banken Asia Stock-Mix, Avendus Absolute Return Fund, ICICI Prudential Life Insurance, Goldman Sachs, TD Emerging Markets Fund and Societe Generale, among others were the buyers of the shares. According to the block deal data available with the NSE, Qsr Asia Pte sold 12,54,41,820 shares, amounting to a 25.3 per cent stake in Restaurant Brands Asia. The shares were disposed of at an average price of Rs 119.10 apiece, taking the transaction value to Rs 1,494 crore. After the transaction, Qsr Asia Pte's sharehold

Restaurant Brands Asia rallies 13%, hits 52-week high on large block deal

Around 125.44 million equity shares representing 25.36 per cent holding worth of Rs 1,494 crore of Restaurant Brands Asia changed hands on the NSE, exchange data shows

Razorpay acquires digital invoicing, customer engagement startup BillMe

With this acquisition, Razorpay will get access to BillMe's client base of over 4,000 merchants

Burger King stops using tomato in food preparations amid soaring prices

Fast food chain Burger King has stopped using tomatoes in its food preparations, joining the list of other quick service restaurant (QSR) chains like McDonald's and Subway, amid soaring prices of the staple kitchen item. Burger King, operated by Restaurant Brands Asia in the country with 400 stores, in a message on the support page of its website cited "quality" and "supply" issues as reasons for removing tomatoes from its food servings. "We, at Restaurant Brands Asia Ltd, have very high standards of quality as we believe in serving real and authentic food. Due to unpredictable conditions on the quality & supply of tomato crops, we are unable to add tomatoes to our food. Rest assured, our tomatoes will be back soon," the message read. It has requested customers to have "patience and understanding" for the situation. Some Burger King India outlets have reportedly placed a notice with some humour, saying, "Even tomatoes need a vacation... we are unable to add tomatoes to our ...

Tomatoes on 'vacation' as India battles food inflation, says Burger King

"Even tomatoes need a vacation ... we are unable to add tomatoes to our food," read notices pasted at two Burger King India outlets. The chain has cited quality issues in explaining the shortfall

Burger King's India operator posts wider Q1 loss on back of higher costs

The restaurant chain's consolidated net loss widened to Rs 50.48 crore ($6.1 million) for the quarter ended June 30, from Rs 47.5 crore a year ago, according to an exchange filing

A QSR full course serves up weak demand, margin pressures as sides

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Creativity, engaging stories drive brand sales, says Kantar report

Hindustan Unilever, Burger King share laurels in third edition of Kantar's creative effectiveness awards

McDonalds, Burger King, Jumboking are top burger brands in country: Report

Investment banking firm Kennis Ventures Private Limited, lists out the top organised players in the burger industry, primarily focused on selling burgers to Indian consumers

Gen Atlantic, Advent Int soon to acquire Everstone's Burger King stake

As of March 31, Burger King and its sub-brand BK Cafe together had a total of 391 restaurants in the country. BK Cafe is engaged in the business of serving coffee and beverages to its customers

Jubilant Foodworks, Advent Int'l in race to buy Burger King franchise

M&As pick up pace in Indian QSR industry amid sharp recovery in revenues

Everstone in talks to sell 41% stake in India's Burger King franchisee

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9 per cent stake in Restaurant Brands as of March 31, according to Refinitiv data

Burger King's India operator posts bigger loss as costs of essentials rise

Restaurant Brands Asia , earlier known as Burger King India, reported a wider fourth-quarter loss, as it spent more on ingredients at a time when it is also expanding in India and Indonesia

Top 11 listed entities in Retail and QSRs opened 12 stores a day in 2022

The report added that companies have ramped up store launches to take advantage of lower rent rates at key locations

Jubilant still upper crust even as near-term margins slice up stock

Aggressive store expansion, new menu choices ought to boost growth for QSR

Everstone Capital plans to sell Burger King stake in India and Indonesia

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd holds a 40.9% stake in Restaurant Brands, according to Refinitiv data

Burger King to invest $ 400 mn in US revamp over next 2 yrs to boost sales

Burger King plans to invest USD 400 million in its US restaurants over the next two years to update its stores and boost flagging sales. The burger chain said on Friday the investment includes USD 250 million to revamp stores and update technology and kitchen equipment and USD 120 million for heavier advertising. Burger King also plans to spend USD 30 million upgrading its app to offer smoother ordering and personalized deals. The moves come after several years of disappointing sales at Burger King's 7,058 US stores. In 2019, Burger King's same-store sales or sales at stores open at least a year rose less than 2 per cent. By comparison, market leader McDonald's US same-store sales were up 5 per cent. Burger King's US sales plunged during the pandemic, then recovered in 2021, rising 5 per cent. But that was still slower growth than McDonald's, which saw US same-store sales jump 14 per cent in 2021. Wendy's overtook Burger King as the No. 2 US fast food chain by sales in 2020 and

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