Asia Bizz: Burger King May Possibly Be Going On Sale In The US
Burger fast food giant Burger King is reported that it may possibly be going on sale, as per sources. The fast food chain has a market value of $2.3 billion. Burger King was previously a private company and in the year 2002 it became a public concern, it was owned by TPG, Bains Capital and Goldman Sachs. The trio company purchased Burger King from Britain’s Diageo Drinks for $1.5 billion.
Wall Street reports recently stated that Burger Kings was recently in the process of talks with some private equity firms, for a possible sale. It has been reported that one such firm is interested in its purchase,3i Plc.
Burger King stated that it was under going a struggling economic crisis and that it is will decide whether to go on sale. Main financial issues coming up at Burger King is that it is hard for the company to cope up with the prices of its key ingredients, especially wheat and beef. This has become a point of concern for Burger King and now it is seeking for options of going up on sale.