Everstone Capital in talks to sell 5 per cent in Burger King India
Everstone Capital, the Singapore-headquartered India-focused mid-market private equity firm, owns 99.39% stake in Burger King India, through its investment vehicle QSR Asia Pte Ltd.
Burger King India joins hands with Delhi Police to provide burgers to orphanages
The staff delivering the meals wear protective gear like mas...
Burger King India gets Sebi nod for IPO
Burger King's offer comprises fresh issue of equity shares aggregating up to Rs 400 crore and an offe...
Coronavirus hits IPO mart: Burger King shelves plan; Antony Waste withdraws issue
The mega IPO of SBI Card saw a listless listing at a 13 per cent discount to issue price of Rs 755.
UK government extends virus lockdown by at least 3 weeks
Before the official announcement, British Health Secretary Matt Hancock said "it is too early to make a change" to the lockdown the government ordered on March 23 to slow the spread of the virus. Schools, pubs, restaurants and most shops are closed, and most people are allowed to leave home only for essential errands or exercise.
Burger King’s India sales up 66% in FY19
The US chain that entered the Indian market in 2014 posted sales of Rs 644 crore in FY18-19 while its losses reduced to Rs 16 crore.
Salt, transfat high in many popular foods: CSE report
Various popular packaged foods brands and fast food such as Lays and Kurkure, Knorr, Maggi, Too Yumm, Domino’s Pizza, McDonald’s and several others were found to have much higher levels of salt than the thresholds set by industry body Food Safety and Standards Authority of India (FSSAI), the CSE report alleged.
PE exits worth $2.5 billion caught in IPO quarantine
Indian primary market is in danger of grinding to a complete halt for 2020.
Levels of salt, fat in junk foods way higher than proposed thresholds: CSE study
The report names HUL’s Knorr and Nestle’s Maggi, Too Yumm chips endorsed by cricket captain Virat Kohli, Haldiram’s Classic Nut crackers, and samples at McDonald’s, Burger King, Domino’s, Pizza Hut and Subway with excessively high salt levels.
In lockdown, chips are down for potato farmers
India’s farmers are desperate for watering holes and street food vendors to start business.
Everstone infuses Rs 45 crore into Burger King India
Parent group also extends a loan facility of Rs 150 crore; Money to be used to open new stores and refurbish existing ones.
Burger King India files papers for IPO
The IPO comprises fresh issue worth Rs 400 crore and an OFS of up to six crore shares.
Coffee startup Sleepy Owl raises second round of funding
In 2018, Sleepy Owl had raised $500,000 in a seed round led by Deepak Shahdadpuri-led venture capital firm DSG Consumer Partners. The coffee brand has presence in about 1000 outlets in Delhi and Mumbai and retails online through its flagship website and Amazon.
Burger King India could be a better treat than McDonald’s franchisee
Burger King’s average capex for each store is ₹2-2.5 cr compared with ₹3.5-4 cr for McDonald’s.
Principles of language localization: Not just translation, but cultural naturalization
Companies wanting to appeal to the uber cool, English speaking audience in India, which is estimated to be about a crore people, must take Indian English as a localization effort.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service