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Burger King for sale?


Burger King for sale?


Fast food chain Burger King could be up for sale and has reportedly held talks with potential buyers.

The second-largest US hamburger group has a market capitalisation of about 1.8 billion euros.

According to the Wall Street Journal, Burger King has been in talks with private equity firms in recent weeks and the Britain’s 3i Group is said to be interested.

Burger King’s sales are down and it is recently forecast a fall in demand ahead amid a weak economy and said it was unsure how costs for key ingredients like beef would impact the company.

The company did not issue an earnings forecast for fiscal 2011 but said in August that high US unemployment and government austerity programmes in several European countries would hit sales.

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