Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

Burger King UK seeks £40M refinancing to fund expansion: report

admin by admin
March 20, 2025
in Politics
0
Burger King UK seeks £40M refinancing to fund expansion: report
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Burger King UK, the main operator of the fast-food chain’s British business, is set to begin discussions with lenders for a major refinancing deal nearly eight years after it was acquired by private equity firm Bridgepoint, according to a report by Sky News.

The company is looking to secure an additional £40 million in borrowing capacity to fund its long-term business strategy, which includes expanding its store network and upgrading existing locations, the report said.

The refinancing effort also involves £110 million of existing debt, with negotiations expected to take place in the coming days.

Investment bank DC Advisory is advising Burger King UK and Bridgepoint on the process.

Bridgepoint has already committed £35 million in fresh equity to support the company’s growth plans.

While the fast-food operator has previously been linked to a potential sale or a stock market listing, sources indicated that Bridgepoint has no immediate plans to exit its investment.

Expansion and sales growth fuel funding needs

Burger King UK, which directly owns over half of the nearly 600 Burger King outlets in Britain, intends to use the refinancing package to accelerate expansion.

The company plans to open more than 30 new restaurants while remodeling 50 existing locations to enhance customer experience and operational efficiency.

According to sources close to the business, Burger King UK has been outperforming the broader Quick-Service Restaurant (QSR) sector in like-for-like sales growth.

The introduction of its Gourmet Kings range has helped boost sales of higher-margin items, appealing to customers willing to spend more on premium fast food.

Meanwhile, its value platform has continued to attract budget-conscious consumers amid ongoing economic pressures.

The company has also leveraged promotional campaigns to drive engagement and sales.

A recent initiative, Whopper Day, saw the chain offer free burgers to customers who downloaded the Burger King app, further increasing brand interaction and digital engagement.

Financial performance remains strong

Burger King UK has demonstrated strong financial performance, with its most recent accounts revealing a return to profitability.

In August last year, the company reported a 30% surge in total revenues to £381.8 million for 2023, compared to the previous year.

CEO Alasdair Murdoch highlighted the company’s continued resilience in a challenging economic environment.

“We have seen a resilient trading performance in the first half of 2024, with total sales growth of 5% split equally between the existing estate and contribution from new site openings,” he said.

With a workforce of approximately 6,000 employees, the company remains committed to expanding its footprint.

Management has indicated that a strong pipeline of new restaurant locations is in place, with further growth expected in the coming years.

The post Burger King UK seeks £40M refinancing to fund expansion: report appeared first on Invezz

Previous Post

Gap and Ralph Lauren: 2 retail stocks to buy after February inflation data

Next Post

US stocks climb as Fed keeps rates steady, Dow Jones, S&P 500, Nasdaq Composite all gain

admin

admin

Next Post
US stocks climb as Fed keeps rates steady, Dow Jones, S&P 500, Nasdaq Composite all gain

US stocks climb as Fed keeps rates steady, Dow Jones, S&P 500, Nasdaq Composite all gain

Trending News

BofA now expects the European Central Bank to cut rates at October meeting

BofA now expects the European Central Bank to cut rates at October meeting

October 1, 2024
Chile’s inflation rate slows to 4.2% in Nov as food, housing prices ease

Chile’s inflation rate slows to 4.2% in Nov as food, housing prices ease

December 7, 2024
Will scrutiny around “tax dodges” and alleged labour malpractices impact Shein’s London dreams?

Will scrutiny around “tax dodges” and alleged labour malpractices impact Shein’s London dreams?

September 28, 2024
Subscribe to Insightful Word


    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025
    Dow Futures soar as Wall Street bulls charge toward record highs

    Dow Futures soar as Wall Street bulls charge toward record highs

    June 27, 2025
    Morningstar lifts Netflix target but warns shares remain overvalued

    Morningstar lifts Netflix target but warns shares remain overvalued

    June 27, 2025

    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025

    Latest News

    • Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high
    • Nike shares jump on improved outlook, shift from China; analysts see recovery
    • Dow Futures soar as Wall Street bulls charge toward record highs

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.