Business
RBI and CPE Complete Previously Announced Joint Venture to Reignite Growth at Burger King® in China
Restaurant Brands International Inc. (NYSE: QSR) (TSX: QSR) (TSX: QSP) ("RBI"), the parent company of the Burger King brand, and CPE today announced the completion of their previously announced joint venture, marking an important step forward in Burger King China's next phase of growth.
About this update from Restaurant Brands International Inc.
[{"type":"text","content":"CPE invested $350 million of primary capital to grow Burger King China to over 4,000 restaurants by 2035 Accelerated development at Burger King China furthers RBI's long-term global growth ambitions","length":203,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, Feb. 2, 2026 /CNW/ - Restaurant Brands International Inc. (NYSE: QSR) (TSX: QSR) (TSX: QSP) ("RBI"), the parent company of the Burger King brand, and CPE today announced the completion of their previously announced joint venture, marking an important step forward in Burger King China's next phase of growth.","length":329,"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/b19f57253e6e711603ba911ce6461df2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/aVvDm5g9Tc0GypzLG6N49w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/b19f57253e6e711603ba911ce6461df2","width":400,"height":157}},"href":"https://mma.prnewswire.com/media/2874252/Restaurant_Brands_International_Inc__RBI_and_CPE_Complete_Previo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Upon closing of the transaction, CPE invested $350 million of new primary capital into the joint venture ("Burger King China" or the "Business"), and now owns approximately 83% of the Business, with RBI retaining a 17% minority interest and a seat on the Board of Directors. The partnership combines Burger King's globally iconic brand and products with CPE's deep local market expertise, creating a strong foundation to accelerate growth and enhance the guest experience across China.","length":513,"tagName":"p","attribs":{}},{"type":"text","content":"A wholly owned affiliate of Burger King China has also entered into a 20-year master development agreement, granting it exclusive rights to develop the Burger King brand in China. Together, CPE and RBI aim to expand Burger King's restaurant network in China from approximately 1,250 restaurants today to more than 4,000 by 2035, while delivering sustainable same-store sales growth throug...