Business

Burger King's parent sets goal of 40000 stores within next 10 years—that's more than McDonald's has now


The parent company of Burger King, Popeyes Louisiana Kitchen and Tim Hortons had 25,809 locations open as of March 31.


Yum Brands is nearing 50,000 locations with the global expansion of Taco Bell, KFC and Pizza Hut.


Restaurant Brands was formed five years ago by the Brazilian investment group 3G Capital, also known for creating Kraft Heinz and Anheuser-Busch InBev .


The group is know for a focus on cost-cutting, but Restaurant Brands has the additional benefit of being able to franchise its stores, enabling it to expand its global footprint quickly while being cost effective.


In the U.S., other fast food chains have also seen growth slow as consumer tastes change to favor healthier options.


International expansion has also posed a challenge to some due to differences in regional tastes and difficulty translating the brand to a new market.






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