Redberry Investments Corp. acquires 94 Burger King® Restaurants in Canada;
becomes master franchisee in Canada
Acquisition Part of Burger King Worldwide's Refranchising Strategy in North
MIAMI, FL, April 24, 2013 /CNW/ - Burger King Worldwide (NYSE: BKW) has
announced the sale of its Canadian subsidiary Burger King Restaurants of
Canada ("BKRC"), including 94 company-owned BURGER KING(®) restaurants in the
Canada market to Redberry Investments Corp. ("Redberry"), which is privately
owned and operated by three shareholders, Robert Laverdure, Andreas Kragaris
and Christian LeBrun. Through its ownership of BKRC, Redberry is now the
brand's master franchisee in Canada.
"We believe there is tremendous opportunity to grow the BURGER KING® brand in
Canada," said Steve Wiborg, chairman of North America, BKW. "I look forward to
working with our master franchisee as they help expand our footprint across
the country by delivering superior products and a positive guest experience in
an inviting dining environment."
Andreas Kragaris, an owner of Redberry said, "We are very excited to increase
our portfolio with the BURGER KING(®) brand. With new brand initiatives,
including new product lines, we look forward to playing a key role in the
ongoing success of the brand in the region."
As part of the agreement, Redberry will implement a new restaurant opening
program and an aggressive restaurant remodel strategy, which includes
reimaging restaurants to the company's global 20/20 design in the next three
ABOUT BURGER KING WORLDWIDE
Founded in 1954, BURGER KING(®) (NYSE:BKW) is the second largest fast food
hamburger chain in the world. The original HOME OF THE WHOPPER(®), the BURGER
KING(®) system operates in over 12,900 locations serving over 11 million
guests daily in 86 countries and territories worldwide. Approximately 97
percent of BURGER KING(®) restaurants are owned and operated by independent
franchisees, many of them family-owned operations that have been in business
for decades. To learn more about Burger King Worldwide, Inc. please visit the
company's website at www.bk.com or follow us on Facebook and Twitter.
ABOUT REDBERRY INVESTMENTS CORP.
Redberry Investments Corp., established in Quebec in 2005, is privately owned
by three shareholders, Robert Laverdure, Andreas Kragaris and Christian
LeBrun. The company is set to have offices in Montreal, Toronto, Calgary and
Detroit and more than 6,000 corporate employees.
Media Contact:Alex Mangiola | Pilot PMR | 416-462-0199 Ext. 221
SOURCE: Burger King Worldwide, Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Burger King Worldwide, Inc.
NI: RES FBR FOD
-0- Apr/24/2013 18:00 GMT
Press spacebar to pause and continue. Press esc to stop.