Overview
- Restaurant Brands International agreed to form a joint venture with CPE to run and grow Burger King in China.
- CPE’s primary capital commitment of $350 million will fund new restaurants, marketing, menu innovation and operations upon closing.
- The venture targets doubling the roughly 1,250-store footprint within five years and exceeding 4,000 restaurants by 2035.
- An affiliate of the venture will sign a 20-year master development agreement granting exclusive rights to build the brand nationwide.
- Closing is slated for the first quarter of 2026 subject to regulatory clearance, after which RBI will begin recognizing royalties as it moves toward a more highly franchised model.