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Burger King France Shareholders Announce the Proposed Acquisition of Quick Group; Will Become the Second Largest QSR Chain in France
Burger King France Shareholders Announce the Proposed Acquisition of Quick Group; Will Bec...
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[{"type":"text","content":"\n\n\n\nBurger King France Shareholders Announce the Proposed Acquisition of Quick Group; Will Become the Second Largest QSR Chain in France\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBurger King France Shareholders Announce the Proposed Acquisition of Quick Group; Will Become the Second Largest QSR Chain in France\nCanada NewsWire\nOAKVILLE, ON, Sept. 28, 2015\n\n\n\nOAKVILLE, ON, Sept. 28, 2015 /CNW/ - Groupe Bertrand, the majority shareholder of Burger King France, and Qualium Investissement, the owner of Quick Group (\"Quick\"), signed an offer letter for Burger King France to acquire Quick, the owner of the QUICK® fast food hamburger chain. Burger King France, the master franchisee of the BURGER KING® brand in France, intends to convert Quick restaurants in France to BURGER KING® restaurants over time. \n\nDaniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. (\"RBI\") (TSX/NYSE: QSR, TSX: QSP), stated, \"As a shareholder of Burger King France, we applaud Olivier Bertrand and Groupe Bertrand in their efforts to acquire Quick. The transaction will significantly accelerate our BURGER KING® restaurant growth in France, a key strategic market for the brand. Burger King France, our master franchise joint venture in France, has achieved great success over the past two years, building restaurants with average annual sales of €5 million, one of the highest levels in the world, and expects to have approximately 50 restaurants in the country by year end.\" \n\nJosh Kobza, Chief Financial Officer of RBI, added, \"This transaction represents a significant step forward for Burger King France, which will have more than 500 restaurants and €1 billion of system sales following the transaction. Following the conversion, BURGER KING® is expected to be the #2 QSR brand in France, and France will become one of the largest markets for BURGER KING® globally. The transaction highlights the strength of our partnership with Groupe Bertrand and the master franchise joint venture model to accelerat...