NYSE:QSRHospitality
Restaurant Brands China JV Adds New Angle To QSR Valuation Story
Restaurant Brands International (NYSE:QSR) has completed its joint venture with CPE to expand Burger King in China.
The agreement grants exclusive rights to develop the Burger King brand in China for the next 20 years.
The partners plan an accelerated expansion of Burger King locations supported by significant new investment.
For Restaurant Brands International, which trades at $66.35, this joint venture is a new element in its global growth plans. The stock is up 3.7% over the past year...