Burger King
was incepted in the 1950s by James McLamore and David R. Edgerton. They
oversaw a rapid expansion until 1967, when the company was sold to
Pillsbury. Here are some less known facts about it.
Resurrection by McDonald's
When there sales got deted for a while, they brought McDonald’s executive to turn things around with a 1978 restructuring plan called Operation Phoenix.
Insta less Burger King
It was earlier called Insta-Burger King, but removed after the company failed in 1959 and was purchased by its Miami franchisees, James McLamore and David R. Edgerton, who turned its fortunes..
Warren Buffett’s co-operation
There were some more dips in their ride, so they merged with Canadian chain Tim Hortons, with backing from Warren Buffett’s Berkshire Hathaway, to turn the fast food icon around.
When burger goes public
After getting aqiured by Texas
Pacific Group, Bain Capital and Goldman Sachs Capital Partners buys
Burger King for $1.5 billion, it went public and in 2010, acquired by 3G
Capital and taken private.
Trailing behind the best by far
There are around 13,000 Burger Kings in operation in the U.S. and in 100 additional countries. This is far behind McDonald’s, which has around 35,000 outlets worldwide.
