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December 27, 2012
17:04 EDTBKWBurger King in multi-country, master franchise JV with BEBOCA
Burger King Worldwide announced that it has entered into a multi-country, Master Franchise Joint Venture Agreement with BEBOCA LTD in Central America. This multi-country joint venture is a first of its kind for the BURGER KINGŪ brand worldwide. Under the terms of the agreement, BKW and BEBOCA LTD, a long-standing BURGER KINGŪ franchisee, which currently owns and operates 48 restaurants in Costa Rica and Panama, will establish a new entity named BK Centro America. The new joint venture will acquire the master franchise rights for the 178 restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama and has committed to manage the aggressive development of the BURGER KINGŪ brand in these countries. The company will provide operations, supply chain, procurement and marketing for franchisees in Central America and will have new development exclusivity in these markets.
News For BKW From The Last 14 Days
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April 4, 2014
06:44 EDTBKWMost senators resisting compromise on minimum wage increase, Politico reports
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April 3, 2014
06:34 EDTBKWStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link

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