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Burger King® Company Acquires Carrols Restaurant Group

Burger King® Company Acquires Carrols Restaurant Group


TORONTO, CANADA
Tuesday, May 21st, 2024

A strategic shakeup is happening for well-known foodservice chain Burger King®. Parent company Restaurant Brands International (RBI) has announced a completed acquisition of Carrols Restaurant Group, strengthening its overall foodservice operations.

RBI announced its acquisition of all issued and outstanding shares of Carrols Restaurant Group that are not already held by RBI or its affiliates for a total of approximately $1 billion, a press release explained.

Burger King® parent company Restaurant Brands International (RBI) has announced a completed acquisition of Carrols Restaurant GroupAs part of its ambitious Reclaim the Flame strategy, RBI adds the largest Burger King franchisee in the United States portfolio through this transaction.

Over the next seven years, RBI plans to invest an additional $500 million into the acceleration and reimaging of over 600 Carrols restaurant locations before re-franchising a majority of the acquired locations to new or existing smaller franchise operators. More information on the deal can be found here.

Keep reading about the latest shifts in foodservice with updates from DMN.

Restaurant Brands International
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