5/5 Varun V. 4 years ago on Google
Burger
King (BK)
is
an
American
multinational chain of hamburger fast
food
restaurants.
Headquartered
in
the unincorporated
area of Miami-Dade
County,
Florida,
the
company
was
founded
in
1953
as Insta-Burger
King,
a Jacksonville,
Florida–based
restaurant
chain.
After
Insta-Burger
King
ran
into
financial
difficulties
in
1954,
its
two
Miami-based
franchisees David
Edgerton and James
McLamore purchased
the
company
and
renamed
it
"Burger
King".
Over
the
next
half-century,
the
company
changed
hands
four
times,
with
its
third
set
of
owners,
a
partnership
of TPG
Capital, Bain
Capital,
and Goldman
Sachs
Capital
Partners,
taking
it
public
in
2002.
In
late-2010, 3G
Capital of
Brazil
acquired
a
majority
stake
in
the
company,
in
a
deal
valued
at
US$3.26
billion.
The
new
owners
promptly
initiated
a
restructuring
of
the
company
to
reverse
its
fortunes.
3G,
along
with
partner Berkshire
Hathaway,
eventually
merged
the
company
with
the
Canadian-based
doughnut
chain Tim
Hortons,
under
the
auspices
of
a
new
Canadian-based
parent
company
named Restaurant
Brands
International
.
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