BKW News & Analysis
Ackman Takes Big Bite of Burger King
22 Jun 2012 EDT - CNBC.com
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3G Capital has been overhauling Burger King's operations since acquiring the chain in late 2010. In the U.S., the company in April launched its biggest menu expansion ever in hopes of attracting a broader customer base. The chain is also looking to aggressively expand its footprint overseas, given the saturated market at home. This month, Burger King announced partnership deals to open several hundred restaurants in Russia and 1,000 in China over the next several years.
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