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The latest update is out from Restaurant Brands International ( (TSE:QSR) ).
On February 18, 2025, Restaurant Brands International (RBI) acquired all equity interests in the joint venture owning the franchised Burger King business in China from TFI Asia Holdings BV and Pangaea Two Acquisition Holdings XXIII, Ltd. for approximately $158 million. This acquisition allows RBI to fully own the business and aligns with its strategy of partnering with local operators while maintaining a franchised model. The transaction marks a new chapter for Burger King in China, with RBI planning to identify a new local operating partner to drive long-term growth.
More about Restaurant Brands International
Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies, with nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories. It owns four iconic quick service restaurant brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, which operate independently to serve their guests, franchisees, and communities. RBI is committed to improving sustainable outcomes through its Restaurant Brands for Good framework.
YTD Price Performance: -1.59%
Average Trading Volume: 2,029,806
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $29.03B
See more data about QSR stock on TipRanks’ Stock Analysis page.
