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Burger King (BK) Is An American Global Insta-Burger King, A

Burger King is an American fast food chain founded in 1953 in Jacksonville, Florida as Insta-Burger King by David Edgerton and James McLamore. Over the following decades, ownership changed multiple times until 2010 when the Brazilian private equity firm 3G Capital acquired a majority stake and merged Burger King with the Canadian doughnut chain Tim Hortons under a new parent company called Restaurant Brands International.

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Eng Mohammed
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68 views1 page

Burger King (BK) Is An American Global Insta-Burger King, A

Burger King is an American fast food chain founded in 1953 in Jacksonville, Florida as Insta-Burger King by David Edgerton and James McLamore. Over the following decades, ownership changed multiple times until 2010 when the Brazilian private equity firm 3G Capital acquired a majority stake and merged Burger King with the Canadian doughnut chain Tim Hortons under a new parent company called Restaurant Brands International.

Uploaded by

Eng Mohammed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Burger King (BK) is an American global 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 chain. After Insta-Burger King ran into
financial difficulties in 1954, its two Miami-based franchisees David Edgerton and James McLamore
purchased the company and renamed it "Burger King". Over the next half-century, the company
would change hands four times, with its third set of owners, a partnership of TPG Capital, Bain
Capital, and Goldman Sachs Capital Partners, taking it public in 2002. In late 2010, 3G Capital of
Brazil acquired a majority stake in the company, in a deal valued at US$3.26 billion. The new owners
promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with partner
Berkshire Hathaway, eventually merged the company with the Canadian-based doughnut chain Tim
Hortons, under the auspices of a new Canadian-based parent company named Restaurant Brands
International.

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