American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

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

by admin March 20, 2025
March 20, 2025
Burger King UK seeks £40M refinancing to fund expansion: report

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

0
FacebookTwitterGoogle +Pinterest
previous post
China holds key lending rates steady amid trade uncertainty
next post
US stocks climb as Fed keeps rates steady, Dow Jones, S&P 500, Nasdaq Composite all gain

Related Posts

Far-right coalition in European Parliament expels Germany’s AfD...

May 25, 2024

UK economy stagnates for second consecutive month as...

September 11, 2024

Norway’s $1.8 trillion fund surges 13% on tech...

January 29, 2025

Italian Senate passes controversial measure to ship migrants...

February 17, 2024

Fed Chair Powell says no need to rush...

February 12, 2025

Fierce fighting in Vovchansk as Ukrainian troops try...

June 17, 2024

Dow and S&P 500 extend gains after Fed...

November 11, 2024

Dow gains, S&P 500 hits record as bank...

October 13, 2024

Hungary’s Viktor Orban lauds new phase with Sweden...

February 24, 2024

American therapist detained in Syria more than seven...

May 20, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved