Burger King is a well-known fast-food chain with a presence in over 100 countries around the world. While it is best known for its flame-grilled burgers, the company has also diversified its menu over the years to include a wide variety of other options. But who owns Burger King? In this article, we’ll take a closer look at the company’s ownership structure.
Burger King’s Corporate History
Burger King was founded in 1953 in Jacksonville, Florida, by two entrepreneurs, Keith J. Kramer and Matthew Burns. The company’s signature Whopper sandwich was introduced in 1957, and by the early 1960s, the company had begun to expand beyond its original location.
Over the years, Burger King went through a number of ownership changes, including a period of ownership by Pillsbury Company, a well-known food and consumer goods company, from 1967 to 1989. In 2010, the company was acquired by investment firm 3G Capital, which remains its current owner.
3G Capital and Burger King
3G Capital is a Brazilian investment firm that specializes in acquiring and managing consumer brands. The company has a reputation for taking a data-driven approach to managing its portfolio companies and is known for making bold moves to drive growth and profitability.
When 3G Capital acquired Burger King in 2010, it set out to reposition the brand as a more competitive player in the fast-food space. This included a range of initiatives, such as revamping the company’s menu, expanding its international footprint, and investing in new technology and marketing efforts.
Conclusion
In conclusion, Burger King is currently owned by 3G Capital, a Brazilian investment firm with a focus on managing and growing consumer brands. Over the years, the company has gone through a number of ownership changes, but it has remained a major player in the fast-food space. Whether you’re a fan of the Whopper or any of the company’s other menu items, knowing who owns the company can provide valuable context and insight into its history and future direction.