Burger King sells German subsidiary

by Editor fleischwirtschaft.com
Tuesday, May 07, 2013

Burger King Worldwide Inc. sold its wholly owned subsidiary Burger King GmbH and its 91 company owned restaurants in Germany to Yi-Ko Holding GmbH, Munich.

As part of the deal, Yi-Ko Holding GmbH agreed to develop new Burger King restaurants during the next five years and remodel an additional 57 restaurants during the next 18 months. Ergün Yildiz and Alexander Kolobov own and operate Yi-Ko Holding GmbH.