Burger King Unveils New Joint Venture In China

June 14, 2012 by Cris | 0 Comments

Wall Street Journal:

Burger King Worldwide Holdings Inc. formed a joint venture to open 1,000 restaurants in China in five to seven years as it attempts to gain ground in growth markets.

The fast-food chain said it reached an agreement with private-equity firm Cartesian Capital Group LLC and members of Turkey’s Kurdoglu family, a longtime Burger King master franchisee. The deal represented Burger King’s largest multiunit development …

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