- 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.
Burger King to reach India, strikes franchise JV with Everstone Group
Nov 19 2013, 09:18 ET