AmRest: Burger King has terminated brand development agreements in five countries

Burger King Europe GMBH announced the termination of contracts for the development of the Burger King brand in Poland, the Czech Republic, Slovakia, Romania and Bulgaria on February 1, 2022, AmRest announced, that it would continue to lead 93 Burger King restaurants in the markets mentioned.

AmRest will continue to run 93 Burger King restaurants on the above-mentioned markets, while maintaining the best service and quality standards, in accordance with the signed franchise agreements, which will remain in force. Therefore, termination of developer agreements will not have a significant impact on revenues, EBITDA and the total assets of AmRest , the company announced.

AmRest is one of the leading publicly listed restaurant operators in Europe, with a portfolio of recognizable brands in 25 countries. AmRest runs over 2,350 restaurants under franchise brands such as KFC, Starbucks, Pizza Hut and Burger King, as well as under private labels such as La Tagliatella, Sushi Shop, Bacoa and Blue Frog. The company has been listed on the WSE since 2005.

Source: AmRest and ISBnews