Burger King owner Restaurant Brands buys chain's largest U.S. franchisee
Publishing timestamp: 2024-01-16 11:09:48
Summary
Restaurant Brands International is acquiring Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for $1 billion in cash. The acquisition is part of Restaurant Brands' strategy to remodel Carrols' Burger King locations and then sell them back to franchisees. This shift in strategy aims to revive Burger King's U.S. business, which has been lagging behind competitors. The deal is expected to be completed by the second quarter of 2024.
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Keywords: retail industry, business news, carrols restaurant group inc, breaking news: business, lifestyle, restaurants, mergers and acquisitions, restaurant brands international inc, united states, business, wendys co,