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Burger - 5 Burger King - 5 Tom Curtis - 3 Curtis - 2 — - 2 Justin Sullivan - 1 Wendy's - 1 Josh Kobza - 1
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Search resuls for: "Carrols"


6 mentions found


☆ Burger King invests another $300 million to remodel restaurants
  + stars: | 2024-04-30 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain's parent company said Tuesday. About 100 Burger King locations have been remodeled and updated so far. Still, Burger King has had to chip in its own money to incentivize franchisees to remodel. Burger King will let operators choose how much of a discount they get on the royalties they pay to the company.
Persons: Burger, Tom Curtis, Curtis, Burger King Organizations: Burger King, U.S ., Carrols, Brands, Burger King U.S, CNBC, Restaurant Brands Locations: Burbank , California, Burger, U.S
☆ Restaurant Brands Aims for Better-Looking Burger Kings in Carrols Deal
  + stars: | 2024-01-16 | by ( Heather Haddon | ) www.wsj.com   time to read: 1 min
Burger King is trying to claw its way ahead in the competitive U.S. burger market through investments in remodels, advertising and new products. Photo: Justin Sullivan/Getty ImagesYour local Burger King might look a bit fresher, faster, following a $1 billion deal announced by BK parent Restaurant Brands International. The fast-food holding company is buying its biggest U.S. Burger King franchisee, Carrols Restaurant Group , partly to try to speed up remodels of older domestic restaurants, it said. RBI said Tuesday that it will pump $500 million into remodeling roughly 600 of Carrols’s BK locations, aiming to wrap up the remodels by 2028, faster than the franchisee would’ve done on its own.
Persons: Burger King, Justin Sullivan, Burger Organizations: BK, Brands, Burger King, Carrols, Group, Carrols’s BK
☆ Burger King owner Restaurant Brands buys chain's largest U.S. franchisee
  + stars: | 2024-01-16 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
Restaurant Brands International is buying Carrols Restaurant Group , the largest Burger King franchisee in the U.S., for about $1 billion in cash. Restaurant Brands will pay $9.55 per share to acquire Carrols, which operates more than 1,000 Burger King restaurants and 60 Popeyes locations. Burger King sales had been lagging behind the competition, and Wendy's overtook it as the second-largest burger chain by U.S. sales. Restaurant Brands plans to remodel 600 of Carrols' Burger King locations rapidly over the next five years and then sell them back to franchisees, Tom Curtis, president of Burger King U.S. and Canada, said. Correction: Restaurant Brands International currently owns 175 Burger King locations.
Persons: Burger, Wendy's, Tom Curtis, Josh Kobza, I've, Curtis, Burger King Organizations: Brands, Burger King, Restaurant Brands, Burger King's, Burger King U.S, Restaurant, Carrols, CNBC, Burger, CNBC PRO Locations: U.S, Burger King's U.S, Burger, Canada
☆ Burger King's owner is buying the chain's largest franchisee for $1 billion. It plans to flip 600 restaurants and sell them to 'motivated' operators.
  + stars: | 2024-01-16 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +4 min
The move comes as Burger King has pushed for remodels of top outlets while closing others. Restaurant Brands International, the parent company of Burger King and Popeyes, announced plans Tuesday to buy more than 1,000 fast-food restaurants from its largest Burger King franchisee. RBI said it plans to invest $500 million in modernizing roughly 600 Burger King restaurants. AdvertisementRBI said the acquisition and flipping of the Burger King restaurants are an "exciting accelerator" to its overall "Reclaim the Flame" plan. Last year, Burger King operators closed dozens of restaurants in Florida, New York, Nebraska, Utah, and Minnesota .
Persons: Burger, —, Popeyes, Tom Curtis, Stephens, Joshua Long, Long, Burger King, Kobza Organizations: Restaurant Brands, Kings, Service, Burger King, Burger King US Locations: Burger, New York, Canada, King, Florida , New York , Nebraska , Utah, Minnesota
☆ Burger King wants staff to give off a 'positive aura' by offering cardboard crowns and saying 'you rule' to every customer
  + stars: | 2024-01-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +3 min
Burger King wants to exude a "positive aura" by having staff say "you rule" to every customer. Deborah Derby told Bloomberg that the exchange "forces that extra few seconds of engagement." The phrase was a tagline introduced by Burger King in 2022. AdvertisementThe announced changes come amid a renewed focus by Burger King on customer satisfaction. January 12, 9:00 p.m. — This story has been updated with comments from Carrols Restaurant Group Inc. and Burger King.
Persons: Burger King, Deborah Derby, —, Derby, Patrick Doyle, Burger, aren't, Doyle, Peter Perdue, Perdue Organizations: Bloomberg, Service, Inc, Derby, Carrols, Restaurant Brands, Burger King North, Burger King Locations: Burger King North America
☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
  + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com   time to read: +12 min
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
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