What's happened
Restaurant Brands International buys out Carrols Restaurant Group, plans to remodel 600 restaurants
Why it matters
The acquisition and planned remodeling of Burger King restaurants by Restaurant Brands International is significant for the fast-food industry and franchise business.
What the papers say
NY Post reports on the directive for Burger King employees to say 'You rule' to customers and offer them cardboard crowns, while Business Insider UK and AP News focus on the acquisition of Carrols Restaurant Group by Restaurant Brands International for $1 billion and the planned remodeling of 600 restaurants. The Independent and The Times are not directly relevant to the acquisition story.
How we got here
The acquisition of Carrols Restaurant Group by Restaurant Brands International follows the brand's initial $400 million investment announced in September 2022 to drive high-quality remodels, improve operations, enhance marketing, and support ongoing technology and digital priorities.
More on these topics
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Burger King is an American multinational chain of hamburger fast food restaurants. Headquartered in the unincorporated area of Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida–based restaurant cha
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Carrols Restaurant Group is an American franchisee company and is the largest Burger King franchisee in the world; Carrols owns and operates over 1,000+ Burger Kings, and 55 Popeyes restaurants.