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Restaurant Brands Inc., parent company of Burger King, announced it is acquiring more than 1,000 locations from Carrols Restaurant Group for $1 billion.With Burger King now taking ownership of so many of its locations, the company plans to remodel restaurants over the next five to seven years. Carrols wa
stanley cup s previously the largest franchisee of Burger King locations.The announcement comes as several major Burger King franchise owners dealt with bankruptcy proceedings in 2023. Among them, Premier Kings, an operator of 172 Burger King restaurants, filed for bankruptcy in November, nearly 18 months after the company s founder died unexpectedly.Premier Kings announcement followed the bankruptcy of two other operators, Meridian Restaurants Unlimited and Toms King, who filed for bankruptcy earlier in 2023. Meridian Restaurants United operated 120 Burger King locations. Toms King operated 90 restaurants.SEE MORE:
stanley taza McDonald s brings back 4-patty Big Mac for a limited timeData released by Burger King indicates the stores it purchased averaged $1.7 million in sales for the 12-month period ending in October. By comparison, Premier Kings reported about $1.3 million in per-restaurant sales annually. Carrols has demonstrated strong and improving restaurant operations over the years, Tom Curtis, president of Burger King U.S. and Canada, said. This acquisition is an exciting accelerator to our Reclaim the Flame plan that is focused on relentlessly pursuing a better experie
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WASHINGTON 鈥?President Joe Biden appears determined to return to the negotiating table with Sen. Joe Manchin.Biden says he and the West Virginia Democrat will, as Biden put it, get something done. The president s remarks at the White House on Tuesday were his first since Manchin effectively tanked the party s signature $2 trillion domestic policy initiative with his own jarring year-end announcement. If I can t go home and explain it to the people of West Virginia, I can t vote for it, Manchin said in an appearance on Fox News on Sunday.Later in the evening Tuesday, Senate Majority Leader Chuck Schumer also struck a determined tone, telling Senate Democrats on a 90-minute video call to expect a vote in January on the package as they push toward a deal.The legislation, dubbed the Build Back Better Act, aims to increase social spending for childcare, eldercare, and climate change initiatives. The bill would be financed by increased tax
botella stanley es on the wealthiest Americans and large corporations.By pulling his support, Manchin, a Democrat, effectively sank the bi
kubki stanley ll s chances in the evenly-split Senate. No Republican has announced support for the legislation.Manchin is perhaps the most moderate member of the Democratic caucus. His home state of West Virginia easily voted for Republican Donald Trump in the 2020 presidential election, and Manchin is the only Democrat in West Virginia to hold a statewide elected office.Democrats worked with Manchin for months to make the bill more p
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