Burger King swallows 35 outlets from Bon-Food
Burger King Singapore has announced an agreement for the acquisition of 35 new Burger King outlets from Bon-Food Pte. Ltd.
The transaction is expected to be complete on Feb. 1, 2010.
These 35 outlets are the bulk of the 40 what Bon-Food operated.
Subsequent to the transaction, Burger King Singapore Pte. Ltd. will operate a total of 39 Burger King restaurants in the market as well as the Whopper Bar restaurant located in Singapore’s Clarke Quay.
Peter Tan, President of Burger King Asia Pacific says the acquisition allows Burger King to further diversify the global company restaurant portfolio and establishes Singapore as the company’s Asia Pacific headquarters, as a strong company market for the region.
Bon-Food has been a Burger King franchisee in Singapore since 1983 when it opened the first restaurant at Holland Village.
Over the last four decades, the government of Singapore and its people have built a city that is known around the world as being very clean, safe and a wholesome place to live and raise a family.
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