BURGER KING WORLDWIDE, INC. ENTERS JOINT VENTURE WITH GROUPE OLIVIER BERTRAND
(Thomson Reuters ONE) -
Joint Venture Part of Burger King Worldwide, Inc.'s Global Growth Strategy
MIAMI - November 26, 2013 - Burger King Worldwide, Inc. (NYSE: BKW) today
announced the establishment of a joint venture with Groupe Olivier Bertrand, a
leading multi-brand restaurant group with approximately 250 restaurants
throughout France, in association with Naxicap Partners, a leading private
equity firm in France and a minority shareholder in the joint venture, to
aggressively develop and expand the BURGER KING(®) brand presence in France.
Under the terms of the partnership, the joint venture has signed a long-term
master franchise and development agreement which includes sub-franchise rights
for all of France. The joint venture's initial plans include the establishment
of BURGER KING(®) restaurants across the country and the creation of more than
1,200 new job opportunities in the first year alone.
"France is one of the largest quick service restaurant markets in Europe and we
have been waiting to find the perfect partner that shares our dream of growing
our brand here in the right way. We found that with Olivier Bertrand and his
restaurant group and team," says José Cil, President Europe, Middle East and
Africa, BKW. "Its reputation and savvy in the restaurant community in France is
second to none. Groupe Olivier Bertrand's operating capabilities and significant
experience within the food and beverage space, along with Naxicap's expertise in
capital growth markets, make them the ideal partners for our expansion in
France."
"Our development objective is an ambitious one. We have our sights set on a
20% share of the French quick service restaurant market and product leadership
in the fast food hamburger segment. The nation's enthusiasm for the unique taste
and freshness of the WHOPPER(®) sandwich and additional BURGER KING(®)
sandwiches is reflected in the success of the brand's first new restaurant to
re-enter the French market, which opened at the end of 2012," says Olivier
Bertrand, President of Groupe Olivier Bertrand.
"We're delighted to be supporting a new stage in the group's development. This
ambitious plan is well-funded and driven by the expertise of a solid industrial
player that is firmly established on a national level," says Eric Aveillan,
executive chairman, Naxicap Partners. "With BURGER KING(®) as partner, the joint
venture has the best ingredients for success."
The partnership with Groupe Olivier Bertrand is the latest example of BKW's
commitment to deliver on its aggressive international growth strategy which
includes accelerating net restaurant growth and continuing to grow same store
sales.
About Groupe Olivier Bertrand
The Olivier Bertrand group, owned by Bertrand Holding Company, boasted a
turnover of nearly 400 million Euros in 2012, with over 2,500 professionals from
commercial catering, with brands like Au Bureau, Café Leffe, Brasserie Lipp,
Angelina, Bert's (Bertrand Restauration), beverage distribution (Olivier
Bertrand Distribution) and the Parisian hotel business (like Saint James Paris).
About Naxicap
With ?1.5 billion of capital under management, Naxicap Partners is among the top
French operators for capital growth in the small to midcap sector. Naxicap
Partners, a subsidiary of Natixis, is one of the largest asset management
companies in France and the corporate, investment and financial services arm of
Groupe BPCE. Naxicap employs 35 professionals in five offices in Paris, Lyon,
Toulouse, Strasbourg and Nantes.
About Burger King Worldwide
Founded in 1954, BURGER KING(®) (NYSE: BKW) is the second largest fast food
hamburger chain in the world. The original HOME OF THE WHOPPER(®), the BURGER
KING(®) system operates in over 13,000 locations serving more than 11 million
guests daily in 91 countries and territories worldwide. Approximately 99 percent
of BURGER KING(®) restaurants are owned and operated by independent franchisees,
many of them family-owned operations that have been in business for decades. To
learn more about Burger King Worldwide, please visit the company's website at
www.bk.com or follow us on Facebook and Twitter.
Forward-Looking Statements
This press release includes forward-looking statements, which are often
identified by the words "may," "might," "believes," "thinks," "anticipates,"
"plans," "expects," "intends" or similar expressions and include statements
regarding BKW's expectations regarding the growth opportunities in France and
the ability of the joint venture to capitalize on these opportunities and
rapidly expand the BURGER KING(®) brand's presence in France. These forward-
looking statements may be affected by risks and uncertainties in BKW's business
and market conditions. This information is qualified in its entirety by
cautionary statements and risk factor disclosure contained in filings made by
Burger King Worldwide, Inc. with the Securities and Exchange Commission,
including BKW's annual report on Form 10-K for the year ended December
31, 2012. BKW wishes to caution readers that certain important factors may have
affected and could in the future affect BKW's actual results and could cause
BKW's actual results for subsequent periods to differ materially from those
expressed in any forward-looking statement made by or on behalf of BKW,
including the risk that the joint venture will not be successful in opening
BURGER KING(®) restaurants in France or that the opportunities to open
restaurants in France will decline. BKW undertakes no obligation to update
forward-looking statements to reflect events or circumstances after the date
hereof.
###
MEDIA CONTACTS:
Burger King France
Hélène Van Heems - BUREAU BLEU
+ 33 145 230 927 - Mob.:+ 33 622 975 385
hvanheems(at)bureaubleu.fr
Burger King Worldwide:
Media Inquiries
mediainquiries(at)whopper.com
00 + 1 + 305.378.7277
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Burger King Worldwide Inc via GlobeNewswire
[HUG#1745603]
Unternehmensinformation / Kurzprofil:
Datum: 26.11.2013 - 22:30 Uhr
Sprache: Deutsch
News-ID 320664
Anzahl Zeichen: 7587
contact information:
Town:
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Kategorie:
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