Burger King India's new billionaire owner Aayush Agrawal inherits old problems, adds his own
Lenexis Foodwork's Aayush Agrawal acquired Restaurant Brands Asia, operator of Burger King in India and Indonesia, from Everstone Capital with a nearly Rs 1,500 crore injection. The chain posts improving profitability and five straight quarters of SSSG, but a weak Indonesia unit weighs on the deal.
Aayush Agrawal's Lenexis Foodwork acquired Restaurant Brands Asia, the Burger King India and Indonesia operator, from Everstone Capital, injecting nearly Rs 1,500 crore. The chain shows improving profitability and five straight quarters of SSSG despite a weak Indonesia unit.