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Current Position:Home » News » General News » Topic

Burger King holds discussions with Everstone Capital on Indian entry

Zoom in font  Zoom out font Published: 2013-02-05  Views: 72
Core Tip: Fast food restaurant chain Burger King is engaged in a fresh round of discussions with private equity firm Everstone Capital to explore the possibility of entering the Indian market.
Fast food restaurant chain Burger King is engaged in a fresh round of discussions with private equity firm Everstone Capital to explore the possibility of entering the Indian market.

The chain is mulling over the employment of its global franchise model in India.

Burger King's push to enter the Indian market is consistent with its efforts to expand operations in Asia.

The brand is also looking at making further inroads into the Chinese and Indonesian markets.

Burger King spokesperson Miguel Piedra told the Economic Times that is was too early to make any concrete announcements with respect to an Indian entry.

"In the course of normal business, we continuously review our worldwide restaurant portfolio and make strategic decisions based on many factors including development opportunities, market conditions and restaurant profitability in various countries, including India," said Piedra.

The chain had earlier engaged in discussions with realty major DLF and retail company, Future Group.

Everstone Capital controls the Blue Foods company that operates a wide array of restaurant brands such as Copper Chimney, Noodle Bar, The Coffee Bean and Tea Leaf.

Burger King aside several global chains such as Wendy's, Wagamama, Vapiano and Jamba Juice are scouting for partners to make their Indian debut.
 
 
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