Franchising

Starbucks New Zealand owner buys Burger King New Zealand

Burger King in Auckland, New Zealand pre-pandemic. (Photo: iStock)

October 20, 2020

Tahua Partners — which owns the Starbucks franchise in New Zealand — will buy Burger King New Zealand. Antares Restaurant Group currently owns the chain in the country, while Calibre Partners are receivers of Burger King New Zealand, according to TVNZ.

The 78-restaurant deal is subject to closing conditions, but is expected to finalize on Oct. 30. All units in the New Zealand franchise closed under the nation's Alert Level 4 lockdown on March 25. Antares went into receivership in mid-April. Then in late April, it opened the restaurants as New Zealand lowered its pandemic-related alert level.