Burger King Enters Master Franchise Joint Venture in Central America with BEBOCA LTD
Burger King Worldwide (NYSE: BKW), today announced that it has
entered into a multi-country, Master Franchise Joint Venture Agreement
with BEBOCA LTD in Central America. This multi-country joint venture is
a first of its kind for the BURGER KING® brand worldwide.
Under the terms of the agreement, BKW and BEBOCA LTD, a long-standing
BURGER KING® franchisee, which currently owns and operates 48
restaurants in Costa Rica and Panama, will establish a new entity named
BK Centro America. The new joint venture will acquire the master
franchise rights for the 178 restaurants in Costa Rica, El Salvador,
Guatemala, Honduras, Nicaragua and Panama and has committed to manage
the aggressive development of the BURGER KING® brand in these countries.