Business
RBI and CPE Announce Joint Venture to Reignite Growth at Burger King® in China
Restaurant Brands International Inc. (NYSE: QSR) (TSX: QSR) (TSX: QSP) ("RBI") today announced a joint venture with CPE to unlock the next phase of growth for Burger King in China. The joint venture aims to expand the brand's footprint in the market from roughly 1,250 restaurants today to over 4,000 by 2035.
About this update from Restaurant Brands International Inc.
[{"type":"text","content":"CPE to invest $350 million of primary capital to grow Burger King China to over 4,000 restaurants by 2035 Accelerated development at Burger King China reinforces RBI's path to 5%+ Net Restaurant Growth","length":206,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, Nov. 10, 2025 /CNW/ - Restaurant Brands International Inc. (NYSE: QSR) (TSX: QSR) (TSX: QSP) ("RBI") today announced a joint venture with CPE to unlock the next phase of growth for Burger King in China. The joint venture aims to expand the brand's footprint in the market from roughly 1,250 restaurants today to over 4,000 by 2035.","length":352,"tagName":"p"},{"type":"image","alt":"RBI logo (CNW Group/Restaurant Brands International Inc.)","displaySize":"","headline":null,"caption":"RBI logo (CNW Group/Restaurant Brands International Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":157,"url":"https://media.zenfs.com/en/cnwgroup.com/65ff76ed652399a650dbcec658025440"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8LSDCbv_kb415li3bb0QLQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/65ff76ed652399a650dbcec658025440","width":400,"height":157}},"href":"https://mma.prnewswire.com/media/2818068/Restaurant_Brands_International_Inc__RBI_and_CPE_Announce_Joint.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Upon close of the transaction, CPE will invest $350 million of new primary capital into the joint venture ("Burger King China" or the "Business") to support restaurant expansion, marketing, menu innovation, and operations in one of the world's fastest-growing consumer markets.","length":301,"tagName":"p"},{"type":"text","content":"CPE is a leading Chinese alternative asset manager with a global perspective and a proven track record of scaling consumer brands in China. It brings deep local market insights, operational excellence, and significant capital to accelerate Burger King China's growth.","length":271,"tagName":"p"},{"type":"text","content":"This new chapter builds on the strong momentum the Burger King China team has driven in recent months, with a sharper focus on operations, elevated marketing, improving sales, and renewed guest engagement, creating a strong foundation for the brand's next stage...