Burger Kings enfranchisement
In recent times, the company has become an almost entirely franchised chain, with more than 18 thousand franchised restaurants. Today only 52 units remain company-owned. Although Burger King reduced the number of company-owned restaurants, overall the number of locations have grown annually over the last decade. This growth, however, was not reflected by the Burger Kings revenue, which has since decreased to 1.6 billion U.S. dollars in 2020. The cause of Burger Kings most recent drop in revenue can be attributed to the coronavirus (COVID-19) pandemic.
Burger Kings parent company
In 2010, Burger King was purchased by the investment firm 3G Capital making it a privately held company. Investment firm 3G Capital went on to purchase the Canadian coffee house chain Tim Hortons in 2014, an indirect subsidiary of RBI merging the restaurants under the parent company Restaurant Brands International (RBI). Both Burger King and Tim Hortons maintain separate brands and headquarters despite Restaurant Brands International being a single publicly traded company, which began trading in December of 2014. Additionally, on March 27, 2017, RBI purchased Popeyes Louisiana Kitchen (via Orange, Inc) adding the restaurant to their subsidiaries.
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