- Hans Weber
- February 3, 2023
McWin, RBI in deal for Burger King expansion in Romania, Poland, Czech Republic
BUCHAREST (Romania), November 29 (SeeNews) – Prague-based private investment fund McWin has acquired exclusive master franchise and development agreements from Restaurant Brands International (RBI) to expand the Burger King restaurant network in Romania, Poland and the Czech Republic, RBI said on Tuesday.
Through its newly established Rex Concepts CEE platform, McWin aims to expand the Burger King brand in the three countries and the Popeyes brand to the Czech Republic and Poland, and to open 600 restaurants over the next ten years, RBI said in a press release.
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“This is a big step in our ambitious expansion journey for these brands, and we’re excited to keep growing our footprint across Eastern Europe,” said David Shear, President International of RBI.
McWin will start opening new restaurants in all of these countries starting 2023.
“We are excited to continue to strengthen McWin’s leadership position in Europe, where we see significant growth opportunities and incorporating strong premium brands in our 1,300 growing restaurant portfolio, such as Burger King and Popeyes”, McWin co-founder Henry McGovern said.
McWin and funds advised by McWin are currently investors in several compnanies such as Gail’s, Vapiano, CookUnity and Dean&David as well as alternative protein companies including BlueNalu, Perfect Day, The Every Company , Impossible Foods and UPSIDE Foods and food technology companies such as Footprint, Oishii and Menu.
Restaurant Brands International Inc. owns quick service restaurant brands Burger King, Tim Hortons, Popeyes and Firehouse Subs. The company has annual sales of over $35 billion ($33.7 billion euro) and operates over 29,000 restaurants in more than 100 countries.