Burger King Worldwide Holdings, Inc. (BKW) has entered into an agreement with members of the Kurdoglu family, a long-time Burger King (BK) master franchisee and Cartesian Capital Group, a global private equity firm.
This new joint venture expects to open 1000 BK restaurants in China over the next five to seven years. This deal represents the largest multi-unit development agreement in the brand’s history and will make the Kurdoglu family the system’s largest franchisee, globally. "Expanding our brand’s presence in China further exemplifies our company’s commitment to strengthening our global restaurant portfolio and establishing a strong brand presence in key growth markets around the world," said Elias Diaz Sese, President, Burger King, Asia Pacific. "We have partnered with investors and experienced restaurant operators to accelerate our net restaurant growth in China, while introducing our signature great-tasting, fire-grilled menu items to millions of consumers in the country," Sese added.
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This new joint venture expects to open 1000 BK restaurants in China over the next five to seven years. This deal represents the largest multi-unit development agreement in the brand’s history and will make the Kurdoglu family the system’s largest franchisee, globally. "Expanding our brand’s presence in China further exemplifies our company’s commitment to strengthening our global restaurant portfolio and establishing a strong brand presence in key growth markets around the world," said Elias Diaz Sese, President, Burger King, Asia Pacific. "We have partnered with investors and experienced restaurant operators to accelerate our net restaurant growth in China, while introducing our signature great-tasting, fire-grilled menu items to millions of consumers in the country," Sese added.
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