News
Prolonged credit crisis could affect Burger King franchisees
October 21, 2008
Reuters: Burger King has not experienced credit problems to date, but the company is worried that a prolonged credit crunch could hurt its franchisees' borrowing ability. To date, the company has benefited from consumers choosing quick-serve over mid-priced restaurants, but if the economy worsens, sales may fall.
Burger King will continue its aggressive expansion plan in Asia, including the recently announced formation of a Taiwan joint venture with local partner Dachan Great Wall Group as well opening 250-300 new stores in China over the next five years
Read also QSRs caught in the crisis.
Related Media
Subscribe
Get the latest news and resources from QSR Web.
