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Burger King was the first restaurant chain to be opened on US military facilities with a location at the US Naval base at Pearl Harbor, [141] however naval facilities are covered by the Navy Exchange Service Command (NEXCOM). The AAFES opened its first Burger King franchise 1984 at the American military facilities in Ansbach, Germany. [142]
1959: Burger King establishes its franchising system. [4] 1967: Burger King ceases to be an independent entity when the Pillsbury Company purchases it for US$18 million ($128.3 million adjusted for inflation, 2014). [4] [93] 1977: Donald N. Smith is brought in from rival McDonald's to help restructure the company and its franchising system. [1] [4]
Burger King Holdings was the parent company of Burger King when it went public in 2002. [68] Burger King derived its income from several sources, including property rental and sales through company owned restaurants; [68] however, a substantial portion of its revenue was dependent on franchise fees. [68]
Carrols Restaurant Group, Inc. 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. The company has operated Burger Kings since 1976 in locations across 23 U.S. states. [4]
Burger King (BK) itself began as a franchise of its progenitor company, Insta-Burger King. It grew in the United States using a combination of corporate locations and franchising, before divesting itself of its corporate holdings in 2013.
Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively.
By 2001 and nearly eighteen years of stagnant growth, many of Burger King's franchises were in some sort of financial distress. The lack of growth severely impacted BKC's largest franchise, the nearly 400 store AmeriKing; by 2001 the company, which until this point had been struggling under a nearly $300 million debt load and been shedding store across the US, was forced to enter Chapter 11 ...
Hungry Jack's Pty Ltd. is an Australian fast food franchise of the Burger King Corporation. It is a wholly owned subsidiary of Competitive Foods Australia (with licensing from Restaurant Brands International), a privately held company owned by Jack Cowin.