Restaurant Brands International Inc.
Restaurant Brands International Announces Joint Venture to Revitalize Burger King in China
Summary
On November 7, 2025, Restaurant Brands International Inc. (RBI) announced a joint venture with CPE Alder Investment Limited to accelerate the growth of Burger King in China. CPE will invest $350 million into Burger King China, which will own approximately 83% of the joint venture, while RBI retains 17% and a seat on the Board of Directors. The investment aims to expand Burger King's restaurant count in China from approximately 1,250 to over 4,000 by 2035. RBI will also enter into a 20-year master development agreement with Burger King China to develop the brand in the country. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals. RBI will take a non-cash charge of approximately $150 million on its Burger King China holdings due to the valuation implied by the sale.
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About Restaurant Brands International Inc.
Restaurant Brands International Inc. is a Canadian multinational fast-food holding company that owns, operates, and franchises quick-service restaurants, including renowned brands such as Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. The primary function of the company is to serve customers globally through a diverse array of menu offerings catering to local tastes and preferences. Known for its robust franchise model, Restaurant Brands International empowers local entrepreneurs, thereby fostering a wide-reaching and adaptable presence across various regions. The conglomerate impacts several sectors, notably the food and beverage industry, by setting trends in fast food innovations, digital ordering, and sustainability practices. Restaurant Brands International plays a crucial role in the global fast-food market by leveraging its powerful brand portfolio to drive customer engagement and expand market share. With a focus on operational excellence, strategic acquisitions, and enhancing consumer experiences, Restaurant Brands International continues to solidify its position as a leader in the fast-casual dining segment.
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