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7/24, 2:23 PM (Source: TeleTrader)
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Report: Burger King UK planning to sell franchise

Bridgepoint Advisors Limited is holding preliminary talks with investment banks about auctioning the United Kingdom's branch of Restaurant Brands International Inc.'s Burger King, Sky News reported on Saturday.

According to sources familiar with the matter, a formal sale is very unlikely to happen in the next 12 months. The company supposedly decided to sell the division after suffering losses during the lockdown imposed in Britain to curb the spread of COVID-19.

Back in June, once private equity firm Bridgepoint was listed on the London Stock Exchange.

Breaking the News / JR