Burger King to set up 500 stores in 7-10 years

Burger King, one of the world’s top fast-food companies, is now set to enter India through a franchising partnership with a company that will be headed by the present CEO of its UK operations and majority-owned by private equity firm Everstone Capital, a rare instance of a PE fund partnering with a fast-food chain. In a departure from its usual global practice, the US chain will also hold a minority stake in the Indian franchisee. Everstone (and its partners) plans to invest $100 million to set up 500 outlets in the country over the next 7-10 years. This new move is indeed a strategic development which signage players in the country could tap new business through such move.