Burger King’s $350M China Joint Venture Draws Armistice Capital, Other Institutional Investors
Restaurant Brands International announced a joint venture with Chinese alternative asset manager CPE in November 2025, setting a target to grow Burger King’s presence in China from roughly 1,250 locations to above 4,000 within the next decade. The Toronto-based quick-service restaurant operator reported third-quarter 2025 revenue of $2.45 billion, exceeding analyst estimates of $2.40 billion, driven by international expansion and Tim Hortons performance. Armistice Capital acquired shares of Restaurant Brands during the second quarter of...










