Burger King appears to be eyeing the stock market again. Just two years after Diageo sold the fast food chain to a triumvirate of investment firms, Burger King's European director of operations, Pascal Le Pellec, announced that the company will likely go public in two years. Contrary to reports of the burger giant's recent hard times amidst franchisee bankruptcies and executive changeovers, Le Pellec told the Financial Times Deutschland (in an interview reported in the Malaysian Star) that the chain's owners were "extremely satsified with Burger King's development in the US and internationally."
Posted by franchiselawblog at August 24, 2004 04:20 PM