• About
  • Contact
Tuesday, April 13, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home FMCG

InterGlobe Interested In Buying Burger King India Franchise

Pritish raj by Pritish raj
July 11, 2019
in FMCG, Food
3 min read
0
burger-king-next-big-brand

burger-king-next-big-brand

Share on FacebookShare on Twitter
  • The franchise rights for Burger King are held by Singapore-based Everstone Capital.
  • Burger King has 140 outlets across the country and has recorded sales of Rs. 375 crore in Financial Year 18.

InterGlobe Group controlled by Rahul Bhatia is in advanced talks to acquire the Burger King India franchise from Private Equity Firm Everstone Capital for about Rs. 1,400 crore according to sources.

The franchise rights for the fast-food chain are held by Singapore-based Everstone Capital’s QSR Asia Pte, a holding company for its restaurant investments in the region. 

Two Buyout Firms based out of the US and a local private equity fund that was in the race to purchase the business have backed out because they were not able to match the expected price.

Operations Of Burger King

Burger King has 140 outlets across the country and has recorded sales of Rs. 375 crore in Financial Year 18. The business currently in a loss on the consolidated level but making a profit at operating levels of stores, showing that it can generate a surplus after meeting costs including staff, raw material, and lease rentals.

Currently, Bhatia is locked in a feud with his partner at Indigo Rakesh Gangwal over rights at his airline business. He has created a pool of his other business interests across hospitality, IT Services, travel booking, and luxury goods. He owns three restaurants located in the NCR Region.

Burger King has surpassed Starbucks in terms of sales despite entering two years after the Coffee Chain which has an alliance with the Tata Group.

Everstone Capital which has a $5 billion portfolio, invested in setting up the Burger King Franchise in India five years ago. It also runs some of the franchises in Indonesia although that won’t be a part of the deal negotiated with InterGlobe.

Burger King- Next big Brand
source:- The Flash Today

Burger King is spread across cities in North, West, and South India, with the northern part accounting of the most number of 60 outlets. Everstone has the rights to restaurant brands such as Coffee Bean & Tea Leaf, Copper Chimney, Bombay Blue and Noodle Bar in India, apart from owning rights to Domino’s Pizza in Indonesia. 

India’s restaurant and food services market were pegged at Rs 3.7 lakh crore as of 2018, according to a report prepared by CARE Ratings. The organized segment accounts for 35% of the market. 

The industry is expected to grow at over 10% over the next five years. Growth is being driven by a young working population with high disposable incomes, the report said. 

With ongoing feud between Bhati and Gangwal, this moves looks like an expansion of the company’s portfolio.

#burgerking #interglobe #indigo

Previous Post

McDonald's:- The Story of Lovin' It

Next Post

David Beckham launches another venture Studio 99, targets Hollywood

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Gautam Adani Beats Musk, Bezos, Ambani with Maximum Wealth Surge in 2021
FMCG

Gautam Adani Enters in the top 20 richest person list worldwide

April 7, 2021
Dhoni Joins 7InkBrews as Investor and Brand Ambassador
FMCG

Dhoni Joins 7InkBrews as Investor and Brand Ambassador

April 6, 2021
Swiggy Valuation Soars to $5 Billion after $800 Million Funding
Food

Swiggy Valuation Soars to $5 Billion after $800 Million Funding

April 6, 2021
This is How Licious Grew Exponentially in Pandemic Era
Case Study

This is How Licious Grew Exponentially in Pandemic Era

April 2, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
FMCG

Reliance Extends Long Stop for Future Group deal with September 2021

April 2, 2021
Reliance Retail Competes with Global Goods Maker
FMCG

Reliance Retail Competes with Global Goods Maker

March 22, 2021
Next Post
David Beckham- Next Big Brand

David Beckham launches another venture Studio 99, targets Hollywood

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Zoom India User Base Revenue dowloaded app Video Calls Users- Next Big Brand

Zoom Replaces TikTok To Become Most Downloaded Non-Gaming App

11 months ago
United Spirits Appoint Hina Nagarajan As First Woman CEO

United Spirits Appoint Hina Nagarajan As First Woman CEO

4 months ago
Mass OYO layoffs - Next Big Brand

Another Mass OYO Layoffs. 5000 Employees Are to Lose Their Jobs Soon

1 year ago
ByteDance Valuation

TikTok’s Owner ByteDance Crosses $100 Billion Valuation In Private Markets

11 months ago

FOLLOW US

  • 33.5k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
  • Nykaa Acquires Jewellery Brand Pipa Bella
  • Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

Instagram

Follow Me!

Latest News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.