Fast food franchise Burger King has agreed a Master Franchise deal for Colombia.
The burger chain has signed a deal with Fondo Escala Capital and Promotora, which will see more than 100 Burger King locations opening in the country over the next five years.
Jose Tomas, President, Latin America and Caribbean, Burger King Worldwide, said: “Colombia’s economy is thriving and we believe this is a valuable market in our strategic mission to expand our footprint in the Latin America and Caribbean region. There is a tremendous opportunity to grow the Burger King brand in Colombia and this deal is an important step in realising that opportunity.”
Francisco Mira, President of Promotora, added: “This is a great opportunity for our fund to invest in a high growth potential business that represents a worldwide successful brand such as Burger King with its superior quality products.”
Published: 5 November 2012
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