Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Burger King (BK) is an American-based multinational chain of hamburger fast food restaurants, new Canadian-based parent company named Restaurant Brands International.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackOperate in Russia through "BURGER RUS" LLC (tax id 7719723690). Halted corporate support for franchises but retain ownership stake. Burger King is one of the world's largest fast food operators. In Russia, the chain is developing under a franchise; the first restaurant opened in 2010. According to SPARK, the revenue of Burger Rus LLC in 2024 increased by 21% year-on-year to RUB 90.3 billion, while net profit decreased by 8.6% to RUB 1.63 billion. The owners of Burger Rus are considered to be co-owner of Shokoladnitsa Alexander Kolobov, Investment Capital Ukraine, and VTB Capital. 15% of Burger Rus LLC previously belonged to the Canadian Burger King Restaurant Brands International, the owner of the chain's franchise. In 2022, the company announced its intention to give up its stake. But in 2024, it still acted as a co-founder of the Russian business, according to Burger Rus's reporting. Its share was not specified.
Has suspended all of its corporate support for the Russian market (800 locations), including operations, marketing and supply chain. Also stopping investment and expansion in the region. A franchise company still operates in Russia and uses the Burger King brand https://vk.com/burgerking