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Burger King aims to open 100 restaurants in Colombia

Thursday, October 25, 2012

Fast food emporium Burger King plans to open 100 restaurants over the next five years in Colombia, media reported Wednesday.

The Miami-based burger joint signed an agreement with Fondo Escala Capital, a private equity fund managed by Medellin company Promotora, to expand its presence in Colombia five-fold.

Making part of the deal, the two joining companies will get a majority stake in Kinco SAS, the company opening Burger King franchises in Medellin, Cali and Barranquilla.

Source: Colombia Reports