Near-term prospects hinge on the progress of the second wave of Covid-19. A lockdown will dent prospects as 60 per cent of revenues come from the dine-in segment.
Before opening its first outlet in the country on November 9, the US fast food chain, Burger King Corporation, had approached the HC seeking an assurance that companies it had sued for trademark infringement will not approach lower courts for stay orders against its launch.
Burger King's entry is expected to heat up the burger chain market in India, dominated by McDonald's.
Burger King Worldwide Inc has entered into a joint venture with private equity and real estate firm Everstone Group to start operations in India.
Investors seem to have fully savoured the Burger King India IPO, with the share sale getting subscribed a massive 156.65 times on the last day of the offer on Friday.
Through the IPO, Burger King has raised Rs 450 crore, which will be used to rollout new outlets and retire debt.
The company plans to collaborate with stopover management consolidators, who will participate in the bids to develop food courts and rest areas along the highways. Such stopovers will house multiple restaurant brands, reports Avishek Rakshit.
Earlier, there were reports about Pantaloon tying up with the Seattle-based coffee chain Starbucks for its India foray.
US fast food chain Burger King Worldwide will open about 12 outlets in India over the next 60-90 days.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore.
The Whopper creater has most of its burgers priced at par with McDonald's.
The restaurant chains are riding the Hallyu wave -- a phenomenon about the growing global prominence of South Korean pop culture.
Senior batter Virat Kohli's awesome genius in 50-over format was on full view during his 52nd hundred that guided India to a strong 349 for eight against South Africa in the first ODI of the three-match series in Ranchi on Sunday.
The Indian Premier League (IPL) 2026 auction saw some foreign names earning big bucks, headlined by Aussie all-rounder Cameron Green
Expect some fireworks for the highly-versatile Cameron Green along with Quinton de Kock, Matheesha Pathirana, Venkatesh Iyer and Ravi Bishnoi.
Punjab Kings will look to renew their bid for a play-off berth with another commanding performance in Jaipur on Sunday against Rajasthan Royals, who have failed to rise above mediocrity despite possessing the resources this season.
'I'd always played cricket in the backyard with friends and parents, but wouldn't say I ever had the desire to be a professional.'
Zomato is at 5, Swiggy at 9, Blinkit at 10.
The contest between laggards Chennai Super Kings and Rajasthan Royals holds no significance in the context of the IPL 2025 play-offs.
The world's largest burger chain, McDonald's, has had a smooth run in India till now. But Burger King, one of its biggest rivals, could be looking to eat away at its headstart.
The brand which has been endorsed by the likes of Paris Hilton, Kim Kardashian and Padma Lakshmi will open the first outlet in New Delhi next April.
Organised players have been the biggest beneficiaries after the lockdowns were lifted. Given real estate is not as expensive now, players want to take advantage of the trend.
Shares of all the 14 companies are currently trading above their issue price.
Global private equity (PE) firms are successfully offloading large equity stakes in domestic companies in the open market, taking advantage of buoyant conditions. Strong domestic liquidity support and an upward trending market have underpinned over a dozen PE exits worth $2.5 billion, data compiled by Business Standard shows. The figures exclude PE exits during maiden share sales and shares sold by strategic investors, such as SoftBank and Ant Group in new-age companies.
The so-called high networth individual portion saw 620x more demand than shares on offer.
In a country like India, where counterfeit items are sold in every nook and corner, the regulation of trademark infringement poses a big challenge.
South African pacer Nandre Burger said on Tuesday that the experience of playing against India in the recently-concluded all-format home series was incredible and he learnt a lot during the course of it.
More cos could join the likes of Burger King and Antony Waste in giving listing another shot.
When Amit Jatia, vice-chairman of Westlife Development (WLDL), which operates fast-food chain McDonald's in West and South India, wanted to become the American fast-food giant's local partner in 1995, he had to first convince his family he would remain a staunch vegetarian. As McDonald's - home of the iconic Big Mac - completes 25 years in India, being one of the largest operators in the quick-service restaurant (QSR) segment in the country with over 300 outlets, Jatia has held on to the promise he made to his family. Not one to sit back and watch anyone flip the Big Mac, he gets straight to the meat of the matter when he says McDonald's success menu will see the QSR expand its ever-hungry 'foodprint' by doubling the number of joints and increasing its average unit volume by 35-40 per cent in five years.
PepsiCo has tie-ups with KFC, Pizza Hut, Domino's, Burger King, and Subway in India, while Coca-Cola has a partnership with McDonald's only
Pant made 18 in his first outing since that accident against Punjab Kings and Delhi succumbed to their second successive defeat on Thursday when inaugural champions Rajasthan Royals beat them by 12 runs.
Rajasthan Royals take on Punjab Kings aiming to seal their IPL play-offs berth, in their penultimate league match.
Yum reduced the number of restaurants in India by 14 in the September quarter from the preceding quarter to 811.
Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is planning to launch a grocery section on its app soon, a senior company official said. The company recently invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in grocery delivery platform Grofers. "It (grocery) is a large opportunity. The online grocery is nascent right now but is growing rapidly not just in India but across the world... "We are actively experimenting in that space and recently invested $100 million for a minority stake in Grofers, with the idea of getting more exposure to that space and building our strategies and plan around that business," Zomato CFO Akshant Goyal said.
Zomato's mega initial public offering (IPO) ended with a bumper 38 times oversubscription on Friday as institutional investors poured money to get a pie of the hottest online food delivery platform. Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed. The IPO is India's biggest since March 2020. Institutional investors, who shied away in the first two days of the IPO, bid several times over the number of shares reserved for them.
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
Britannia Industries, the bakery and dairy major, has tied up with e-tailer Amazon India for a pilot launch of Good Day Chunkies, a new chocolate chip cookie, for 15 days. The offer is currently on and closes on December 5, after which the product goes to offline (normal retail) stores.
A recent survey discovered that Bengaluru has some of the classiest high streets in our country.
A resurgent Mumbai Indians will need to address their bowling woes as they look to exact revenge on table-toppers Rajasthan Royals in their reverse fixture of the Indian Premier League in Jaipur on Monday.
High-flying Rajasthan Royals will look to continue their winning momentum and consolidate their position at the top when they take on a resurgent Lucknow Super Giants, who would be gunning for revenge at home in an IPL match in Lucknow on Saturday.
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