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Burger King

Financing

Did the operating environment push franchisees into bankruptcy? Sort of

 By Jonathan Maze on May 05, 2023

The Bottom Line: Soaring food and labor costs made it a lot more difficult for restaurants to generate a profit last year. But both Hardee’s and Burger King had long-term problems that played a bigger role in those bankruptcy filings.

Financing

Burger King is making some big changes in its franchising strategy

 By Jonathan Maze on May 02, 2023

Facing more store closures, the fast-food chain will only allow its better operators to expand and wants more smaller franchisees. “In an ideal world, I’d like it if they could drive to all their restaurants.”

Financing

Burger King's sales rebounded last quarter

By Jonathan Maze on May 02, 2023

The struggling burger chain’s same-store sales increased 8.7% in the U.S. as its marketing efforts take hold.

Food

How'd BK's revamp of the Whopper go? Don't ask.

By Peter Romeo on Apr. 18, 2023

Restaurant Rewind: McDonald’s is changing its burgers. Overhauls of well-known products can go either way. Just ask its arch-rival.

Leadership

Burger King franchisee Carrols names Deborah Derby CEO

By Jonathan Maze on Apr. 13, 2023

The former Toys R Us executive will take over leadership of the fast-food burger chain’s largest franchisee.

Financing

Here's how much Burger King's parent paid Patrick Doyle to be executive chairman

By Jonathan Maze on Apr. 12, 2023

The former CEO of Domino's Pizza, lured out of retirement by Restaurant Brands International last year, was paid $117 million in stock and option awards.

Financing

Bankrupt Burger King franchisee Meridian closes 27 restaurants

By Jonathan Maze on Apr. 11, 2023

The company is shuttering locations in Minnesota, Utah, Montana, Kansas, Nebraska and North Dakota and may close more restaurants.

Financing

Burger King franchisee Toms King is being sold for $33M out of bankruptcy

By Jonathan Maze on Apr. 04, 2023

The big operator, which sought Chapter 11 bankruptcy protection in January and was put up for sale, is being sold to four different companies, including Burger King's former U.K. operator and a big Round Table Pizza franchisee.

Financing

Burger King and its struggling franchisees have a long way to go

By Jonathan Maze on Mar. 31, 2023

The Bottom Line: The closure of 26 restaurants in Michigan is another demonstration that the fast-food burger chain has a lot of work to do in its comeback effort. And its issues date back more than 15 years.

Financing

One of the bankrupt Burger King franchisees is on the verge of a sale

By Jonathan Maze on Mar. 30, 2023

Burger King is among a trio of approved buyers of most of the 90 units owned by Toms King Holdings, which declared bankruptcy in January. A court has yet to approve the deal.

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