5 Historical Facts about Burger King

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.