,UK

Burger King UK getting ready for £600m London listing: report

The company is understood to be in advanced discussions with potential advisers.

Burger King’s UK business is looking to float on the London Stock Exchange for around £600 million next year, The Times first reported.

The company is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers. The chain, owned by private equity group Bridgepoint, reported sales of £117 million in 2020, an increase of £16 million from its 2019 sales.

The Times added that Burger King UK and Bridgepoint may also explore the possibility of a sale which could be worth between £500 million to £600 million.

Read the full report here.

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The shop will help the chain build brand awareness as the company looks to grow its restaurant footprint.
It will have seating for 46 diners along with ‘grab and go’ options.
The location aims to showcase ‘takeaway classics' that founder Julian Denis and chef Harry Fox grew up with.
The chicken brand was created with British YouTube group The Sidemen.
Digital continues to be the main driver of the business, the company said.
The concept is the brainchild of Dayashankar Sharma, the executive chef behind fine-dining Indian restaurant Heritage Dulwich.
Revenues at the restaurants it has opened this year are “far more” than the chain had expected.
It joins a growing number of food companies that have announced global commitments to eliminate the use of cages in their egg supply chains.
The chain also appointed two more companies in the UK as part of its roster of franchisees.
It also has to open an additional 10 stores over the next two years.
The item was launched by the high street group in 2019 and helped to serve up a significant sales boost in the same year.
53% of consumers are actively counting calories or checking sugar content.