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Burger King to reach India, strikes franchise JV with Everstone Group

  • Burger King (BKW) strikes a franchise development JV deal with P-E firm Everstone Group to expand the King's presence in India. The agreement includes sub-franchise rights for all of India.
  • The company has lagged rivals like McDonalds in expanding in international markets, but has recently made foreign growth a priority - restaurant count expanded in 11.2% in 2012 in Asia, although mix changed to almost exclusively franchised locations.
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