Overview

• BBVA has begun sounding out potential buyers, with reported interest from Inverlat, Desarrolladora Gastronómica (DGSA) and Ecuador’s Int Food.
• The planned divestment covers roughly 116 Burger King restaurants in Argentina, with Alsea intending to keep operating Starbucks locally.
• Alsea is exploring similar exits for Burger King in Chile and Mexico as part of a broader regional strategy to prioritize higher‑performing brands.
• Burger King trails McDonald’s and Mostaza in Argentina as the fast‑food market faces weaker consumption and margin pressure.
• Alsea has not detailed the timeline or terms, and sector sources expect the brand to continue under a new operator pending due diligence and negotiations.