Restaurant Brands (QSR) announced a joint venture with CPE to unlock the next phase of growth for Burger King in China. The joint venture aims to expand the brand’s footprint in the market from roughly 1,250 restaurants to over 4,000 by 2035. Upon close of the transaction, CPE will invest $350M of new primary capital into the joint venture to support restaurant expansion, marketing and menu innovation.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- Par Technology price target lowered to $60 from $65 at BTIG
- Restaurant Brands International Q3 Earnings Call Highlights
- Strong Earnings and Strategic Growth Drive Buy Rating for Restaurant Brands International
- Restaurant Brands price target raised to $74 from $73 at Scotiabank
- Restaurant Brands price target raised to $65 from $62 at BofA