Jubilant FoodWorks Refutes Acquiring Restaurant Brand Asia
Jubilant FoodWorks Refutes Acquiring Restaurant Brand Asia

Operator of Domino’s Pizza, Dunkin Donuts and Popeyes in India Jubilant FoodWorks Ltd (JFL) on Thursday declined the news about acquiring stake in QSR chain Restaurant Brands Asia Ltd, formerly known as Burger King India Ltd.

One of the largest QSR operator in the country, Jubilant FoodWorks completely termed the news false and baseless citing that the company is not involved in any such discussions or negotiations nor considering the aforesaid acquisition.

“The Company strongly refutes any information appearing in the news about the Company,” shared Jubilant in its filing.

Earlier, there were reports that Everstone Capital is in talks with JFL and one more player to offload its entire stake in Restaurant Brands Asia.

Burger King is the 2nd largest burger chain in the world entered India by opening its first restaurant in 2014 at Select CityWalk Mall, Delhi.

The brand today operate close to 400 restaurants of Burger King and BK Cafe.

JFL is part of the Jubilant Bhartia Group and is India's one of the largest food service company. It also holds the master franchisee rights of QSR chains like Domino’s, Dunkin and Popeyes.

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