US EditionBurger King Owner Sells Majority of China Unit to Speed Growth
3 Articles
3 Articles
The American giant, losing his speed in China, gives 60% of his shares to a local partner to boost its growth. Nestlé, his industrial partner, also suffers the Chinese slowdownEven though the garlands and Christmas melodies have already seized the place, it is the flat calm at the Starbucks of the Pacific Century, glass tower for Chinese employees of Boeing, Fujitsu and Nokia, in the heart of Beijing. How to explain this desertion? The fatigue m…
Burger King resets its China strategy with sale to new local partner
Burger King in China is up for sale. Parent, Restaurant Brands International (RBI), is reportedly close to selling a controlling stake in its China arm. It’s been reported that Sequoia Capital China – which was also said to be eyeing large stakes of Starbucks’ China business – and CPE Capital are circling the sale after about eight months of talks. Why the sale? February’s buyout wasn’t a long-term bet, it was a reset. Burger King China had bee…
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