BUSINESS
April 4, 2012 | Candice Choi, AP Food Industry Writer
Burger King is dusting off its crown and going public again. The world's No. 2 hamburger chain, which is in the midst of overhauling its menu and stores, says it expects to relist its shares on the New York Stock Exchange within the next three months. In a deal announced late Tuesday, the New York-based investment firm 3G Capital said it is selling a 29 percent stake in Burger King for $1.4 billion in cash to Justice Holdings Ltd., a London-based shell specifically set up to invest in another company.
NEWS
April 4, 2012 | AP Television Writer
Burger King is prettying itself up for a public outing. The world's No. 2 hamburger chain, which is in the midst of overhauling its menu and stores, says it expects to be relisted on the New York Stock Exchange within the next three months. In a deal announced late Tuesday, the New York-based investment firm 3G Capital said it is selling a 29 percent stake in Burger King for $1.4 billion in cash to Justice Holdings LTD, a U.K.-based entity that was specifically set up by investors to buy a company.
A&E
April 4, 2012
Burger King is apologizing to Mary J. Blige and her fans for releasing an ad that garnered the singer serious fan backlash. The clip featured Blige soulfully singing about the fast-food chain's new chicken snack wraps. It immediately went viral when it was released Monday, and some in the black community said it was stereotypical. Burger King pulled the ad Tuesday over what the company said was a music licensing issue. The company explained Wednesday the spot was unfinished. In a statement, Blige said she understood why fans were upset.
BUSINESS
April 4, 2012
NEW YORK - Burger King is prettying itself up for a public outing. The world's number two hamburger chain, which is in the midst of overhauling its menu and stores, says it expects to be relisted on the New York Stock Exchange within the next three months. In a deal announced late Tuesday, the New York-based investment firm 3G Capital said it is selling a 29 percent stake in Burger King for $1.4 billion to Justice Holdings LTD, a British entity that was specifically set up by investors to buy a company.
NEWS
April 2, 2012 | Candice Choi, AP Food Industry Writer
Burger King is trying to revive its ailing empire with a rival's recipe for success. After years of lackluster sales of its Whoppers and fries, the struggling fast-food giant on Monday launched 10 food items in its biggest menu expansion since the chain was started in 1954. But there are unmistakable similarities between Burger King's new lineup and the offerings its much-bigger rival McDonald's has rolled out in recent years. The Golden Arches already rolled out specialty salads in 2003, snack wraps in 2006, premium coffee drinks in 2009, and fruit smoothies in 2010.
BUSINESS
March 23, 2012
CHICAGO - McDonald's said chief operating officer Don Thompson will take over as chief executive, becoming the first black chief of the world's largest restaurant chain, after Jim Skinner retires this year. Thompson, 48, who became president and operating chief in January 2010, will assume his new role July 1, Oak Brook, Ill.-based McDonald's said Wednesday. Skinner, 67, who ran McDonald's for more than seven years, also will retire from the board, where he is vice chairman. Thompson takes over as the company works to keep boosting sales and profit...