34 Burger King franchises rescued after buyer is found

Burger King restaurant

Thirty-four of Burger King’s franchise sites have been saved after a buyer was found following the news that the previous franchise groups entered into administration earlier this year.

Advisory group AlixPartners has struck a rescue deal with Powerbanks, part of the Karali group of companies and the largest Burger King franchisee in the UK.

All 575 members of staff employed at the venues will transfer their employment over to the new management.

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In April, administrators from AlixPartners were appointed to Millcliffe and CPL Foods, two companies which ran 36 Burger King venues as franchises across the UK.

Millcliffe Ltd and CPL Foods Ltd were placed in administration on 7th April 2017.

Ryan Grant, joint administrator, commented: “We are delighted to have secured the sale to Powerbanks Limited preserving a significant number of jobs.

“We wish the business and its new owners all the best for the future. We would also like to thank the staff for their hard work and professionalism during the administration process.”

The majority of Burger King’s 700-plus UK restaurants are franchises, with several dozen owned by parent company RBI, and operates more than 14,000 restaurants around the world.

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