Market Overview

Burger King Enters JV with Groupe Olivier Bertrand in France


Burger King Worldwide (NYSE: BKW) today announced the establishment of a joint venture with Groupe Olivier Bertrand, a leading multi-brand restaurant group with approximately 250 restaurants throughout France, in association with Naxicap Partners, a leading private equity firm in France and a minority shareholder in the joint venture, to aggressively develop and expand the BURGER KING® brand presence in France.  Under the terms of the partnership, the joint venture has signed a long-term master franchise and development agreement which includes sub-franchise rights for all of France.  The joint venture's initial plans include the establishment of BURGER KING® restaurants across the country and the creation of more than 1,200 new job opportunities in the first year alone. "France is one of the largest quick service restaurant markets in Europe and we have been waiting to find the perfect partner that shares our dream of growing our brand here in the right way. We found that with Olivier Bertrand and his restaurant group and team," says José Cil, President Europe, Middle East and Africa, BKW.  "Its reputation and savvy in

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