Burger King Europe GmbH, a unit of Burger King Corp., the second-largest US hamburger chain, has awarded the rights to develop fast-food restaurants in Poland.
The first restaurant is to open in the Q2 in Zlote Tarasy, a new mall in Warsaw's central business district, Miami-based Burger King Corp. said in a statement. More restaurants are scheduled to open in the next five years. The sites are being developed by a Wroclaw, Poland, based unit of AmRest Holdings NV. The expansion into Poland is part of Burger King's plan to increase its presence in existing European markets and in new ones, Peter Robinson, president of Burger King Europe GmbH, said in the statement. AmRest, established in 1993, has more than 6,100 employees and manages 200 restaurants including 138 in Poland, 44 in the Czech Republic, and 18 in Hungary. It also operates YUM Brands Inc. KFC and Pizza Hut, according to the statement. Shares of Burger King fell 4 cents to $21.08 as of 4:05 p.m. in New York Stock Exchange composite trading. (Bloomberg)