Overview
- CPE will hold roughly 83% of the Burger King China venture as RBI retains about 17% and brand ownership under a master development structure.
- The agreement grants exclusive China development rights for 20 years, with an initial $350 million injection earmarked for expansion, marketing, menu innovation and operations upgrades.
- The parties target growing the restaurant base from about 1,250–1,300 locations today to more than 4,000 by 2035, alongside sustained same-store sales improvement.
- Closing is expected in the first quarter of 2026 subject to regulatory approvals, following RBI’s interim ownership of the business earlier this year.
- After completion, RBI plans to record royalties from the China business in its international segment and phase rates up toward historical full levels over time.