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  1. Home
  2. Brands
  3. Food Service & Restaurants
  4. Burger King
Burger King logo
Food Service & Restaurants

Who Owns Burger King?

Burger King is owned by Restaurant Brands International Inc. (NYSE: QSR), a publicly traded quick-service restaurant holding company headquartered in Toronto, Ontario. 3G Capital acquired Burger King in 2010 for $3.3 billion, then merged it with Tim Hortons in 2014 to form RBI. The chain operates approximately 19,000 restaurants in over 100 countries and is the second-largest hamburger fast food brand globally.

Parent Company

Restaurant Brands International Inc.

Acquired

2010

Status

Publicly Traded

Headquarters

Miami, Florida, USA

Burger King Timeline

1953

Burger King

Founded by Keith J. Kramer, Matthew Burns

Founded
2010
Acquired by Restaurant Brands International Inc.

Restaurant Brands International Inc. acquired Burger King

Acquired
budgetmass marketGlobalall-agesrecycled materialsOfficial Website

Who Owns Burger King?

  • Parent Company: Restaurant Brands International Inc.
  • Ownership Type: Wholly owned
  • Acquisition Year: 2010
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: QSR
BrandParent CompanyOwnership Type
Burger KingRestaurant Brands International Inc.Wholly owned

History of Burger King

  • Founded: 1953
  • Founders: Keith J. Kramer, Matthew Burns
  • Acquired by Restaurant Brands International Inc.: 2010

Burger King was founded in 1953 in Jacksonville, Florida, by Keith J. Kramer and Matthew Burns, who named the restaurant Insta-Burger King. The original concept used a device called the Insta-Broiler, which could cook up to 40 patties simultaneously. The idea was inspired by the McDonald brothers' assembly-line production system that was transforming the fast food industry.

In 1954, David Edgerton and James McLamore, two Cornell University graduates, purchased the struggling Insta-Burger King chain for $1,200. They renamed it Burger King and introduced a flame-broiled cooking method that replaced the Insta-Broiler. In 1957, McLamore created the Whopper, a quarter-pound flame-grilled hamburger that sold for 37 cents. The Whopper became the brand's signature product and remains so today.

The chain grew through franchising, reaching over 250 locations by 1967. That year, the Pillsbury Company acquired Burger King for $18 million. Under Pillsbury's ownership, Burger King expanded to over 3,000 locations by the early 1980s. The brand introduced the "Have It Your Way" advertising campaign in 1974, which emphasized customization and became one of the most recognizable slogans in advertising history.

Pillsbury sold Burger King to Grand Metropolitan in 1989 for $66 million. Grand Metropolitan merged with Guinness in 1997 to form Diageo, the British beverage conglomerate. Under Diageo's ownership, Burger King suffered from neglect and declining quality. Diageo sold Burger King to a private equity consortium led by Texas Pacific Group, Bain Capital, and Goldman Sachs Capital Partners in 2002 for $1.5 billion.

The private equity group stabilized the brand before 3G Capital acquired Burger King in 2010 for approximately $3.3 billion. 3G Capital, known for its disciplined cost management approach, cut operational expenses and refranchised company-owned locations. In 2014, 3G Capital engineered the merger of Burger King with Tim Hortons, creating Restaurant Brands International. The deal was valued at approximately $11 billion.

Under RBI, Burger King has pursued the "Reclaim the Flame" plan, announced in September 2022. The plan commits up to $700 million through 2028 to improve U.S. restaurants through advertising investments, restaurant remodels, kitchen equipment upgrades, and technology enhancements. As of December 31, 2025, RBI had funded $176 million toward the Royal Reset remodeling program, which has a total budget of up to $550 million.

The brand has also expanded internationally. In November 2025, RBI announced a partnership with CPE China Fund to accelerate Burger King's growth in China. CPE committed $350 million in primary capital investment with a target of doubling the brand's footprint to 2,500 restaurants within five years.

About Restaurant Brands International Inc.

What does Restaurant Brands International own?
RBI owns four quick service restaurant brands: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. The company operates as a franchisor, with over 33,000 restaurants in more than 120 countries, the majority owned and operated by independent franchisees.

Is Restaurant Brands International publicly traded?
Yes, RBI trades on the New York Stock Exchange under ticker QSR and on the Toronto Stock Exchange under tickers QSR and QSP. The company has been publicly traded since its formation in 2014 through the merger of Burger King and Tim Hortons.

Who founded Restaurant Brands International?
RBI was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons Inc. The merger was engineered by 3G Capital, the Brazilian investment firm that had acquired Burger King in 2010. The deal was valued at approximately $11.4 billion.

Where is Restaurant Brands International headquartered?
RBI is headquartered in Miami, Florida. The company's brands are headquartered in their home markets: Tim Hortons in Canada and Burger King, Popeyes, and Firehouse Subs in the United States.

How many restaurants does RBI operate?
RBI's system includes over 33,000 restaurants in more than 120 countries and territories as of Q1 2026. The vast majority are franchised locations. System-wide sales were approximately $47 billion in 2025.

What is RBI's revenue?
RBI reported total revenues of $9.4 billion for fiscal year 2025, up from $8.4 billion in 2024. Adjusted Operating Income was $2.6 billion. The company's third consecutive year of approximately 8% organic AOI growth.

What are RBI's largest or most valuable brands?
Burger King is the largest brand by restaurant count with over 20,000 locations. Tim Hortons is the largest by revenue contribution, accounting for approximately 42% of system-wide sales. Popeyes is the primary international growth vehicle. Firehouse Subs is the fastest-growing by unit count.

Has RBI made major acquisitions recently?
In 2024, RBI acquired Carrols Restaurant Group, the largest Burger King franchisee in the US, for approximately $1 billion, and Popeyes China. In February 2025, RBI acquired the remaining equity in Burger King China. The company plans to refranchise most company-operated restaurants by the end of 2027.

  • Founded: 2014
  • Headquarters: Miami, Florida, United States
  • Company Type: Publicly Traded
  • Stock: NYSE: QSR
  • Revenue: $9.4 billion (FY2025)
  • Employees: Approximately 6,000 corporate employees

Visit Restaurant Brands International Inc. website

View full company profile for Restaurant Brands International Inc.

Where Is Burger King Made / Based?

  • Headquarters: Miami, Florida, USA
  • Manufacturing / Operations: United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Brazil, Australia, China

Burger King Categories & Tags

HamburgersFast FoodFlame GrilledQuick ServiceAmerican BrandGlobal Brand

Burger King Sustainability & Ethics

Burger King operates under RBI's corporate sustainability framework, which covers environmental responsibility, ethical sourcing, and social impact across all four brands. The framework addresses packaging, animal welfare, and climate targets.

Packaging and Waste: Burger King has committed to eliminating certain single-use plastic items, including plastic straws and lids in several markets. The brand has tested reusable container programs in select locations, including partnerships with Loop in New York and Tokyo. RBI has set targets for increasing recycled content in packaging, though specific progress figures for Burger King alone are not separately reported.

Animal Welfare: Burger King requires suppliers to adhere to animal welfare standards covering housing, transport, and processing for beef, chicken, and pork. The company has set targets for cage-free eggs and group-housed sows. In the U.S., Burger King sources 100% cage-free eggs. The brand has faced criticism from animal welfare organizations regarding the pace of welfare improvements, particularly for broiler chicken standards.

Beef Sourcing and Climate: The beef supply chain is the largest source of emissions in Burger King's value chain. RBI has committed to science-based emissions reduction targets, including a 35% reduction in end-to-end CO2 equivalent emissions by 2030 against a 2018 baseline. The company has explored reduced-methane cattle feed supplements in pilot programs.

Plant-Based Options: Burger King introduced the Impossible Whopper, made with a plant-based patty from Impossible Foods, in 2019. It was one of the first major fast food chains to offer a plant-based burger nationally in the United States. The brand has also tested plant-based chicken sandwiches in select markets.

Awards & Recognition

Burger King's marketing campaigns have received recognition at the Cannes Lions International Festival of Creativity, one of the advertising industry's most prestigious award programs. The "Whopper Detour" campaign, which directed customers to McDonald's locations to unlock a one-cent Whopper deal through the Burger King app, won the Direct Grand Prix at Cannes Lions in 2019. The campaign drove 1.5 million app downloads in a matter of days.

The "Moldy Whopper" campaign, which showed a Whopper decaying over 34 days to demonstrate the absence of artificial preservatives, won the Grand Prix in the Print & Outdoor category at Cannes Lions in 2020. The campaign generated significant media coverage and was credited with shifting consumer perception about ingredient quality.

Burger King's "Proud Whopper" campaign, which wrapped Whoppers in rainbow-colored packaging for San Francisco Pride, received a Cannes Lions award in 2014. The brand has also won multiple Effie Awards for marketing effectiveness over the years.

Burger King Recalls & Controversies

2013 Horse Meat Scandal: In January 2013, Burger King confirmed that trace amounts of horse DNA were found in beef patties supplied by Silvercrest Foods, an Irish processing plant owned by ABP Food Group. The contamination affected Burger King restaurants in the United Kingdom, Ireland, and Denmark. Burger King severed its relationship with Silvercrest and switched to an alternative supplier. The company stated that the affected product represented less than 1% of its beef supply and that no horse meat was found in Burger King patties sold in the United States. The issue was resolved within weeks, and no health risks were identified.

Franchisee Disputes: Burger King has faced recurring tensions with franchisees over pricing decisions and operational mandates. In 2022, the National Franchisee Association for Burger King filed a lawsuit against the company over its $1 Value Menu, arguing that the promotion was financially unsustainable for operators. The lawsuit was settled in 2023 under confidential terms, and Burger King adjusted its value pricing strategy as part of the Reclaim the Flame plan.

UK Tax Controversy (2020): During the COVID-19 pandemic, Burger King UK utilized the British government's furlough scheme to pay employee wages. The company faced public criticism after reporting that it also paid dividends to its parent company during the same period. Burger King UK subsequently repaid the furlough funds. The company stated the repayment was a voluntary decision made after business conditions improved.

Environmental Criticism: Burger King has faced criticism from environmental groups regarding the carbon footprint of its beef supply chain. The chain's reliance on beef as its core product makes it a target for climate-focused advocacy organizations. Burger King has responded with sustainability commitments and plant-based options, though critics argue the pace of change is insufficient. No regulatory action has been taken against the brand on environmental grounds.

Brands Owned by Restaurant Brands International Inc.

Firehouse SubsFood Service Restaurants

Firehouse Subs

Owned by Restaurant Brands International Inc.

American quick-service restaurant chain specializing in hot submarine sandwiches, owned by Restaurant Brands International.

quick-service-restaurantsandwichesfranchise
Popeyes Louisiana KitchenFood Service Restaurants

Popeyes Louisiana Kitchen

Owned by Restaurant Brands International Inc.

American fast food restaurant chain specializing in Louisiana-style fried chicken, owned by Restaurant Brands International.

fried-chickenfast-foodlouisiana-style
Tim HortonsFood Service Restaurants

Tim Hortons

Owned by Restaurant Brands International Inc.

Canadian multinational fast food restaurant chain known for coffee and donuts, operating as Canada's largest quick service restaurant chain.

fast-foodcoffeedonuts
View all brands owned by Restaurant Brands International Inc.

Burger King Ownership: Pros & Cons

Advantages

  • +Global franchise network of approximately 19,000 restaurants providing extensive market reach
  • +Strong brand recognition built on the Whopper and flame-grilled positioning
  • +Operational support from RBI's shared services, procurement, and international expansion expertise
  • +Reclaim the Flame investment of up to $700 million through 2028 targeting U.S. restaurant improvements
  • +Access to capital markets through RBI's NYSE listing for growth funding

Considerations

  • -Franchise model creates variability in restaurant quality and customer experience
  • -Intense competition from McDonald's, which has roughly double the global locations
  • -Beef cost inflation of 20% in 2025 pressured franchisee profitability
  • -Dependence on RBI's strategic decisions and resource allocation across four brands
  • -Health and environmental concerns associated with fast food consumption

Frequently Asked Questions About Burger King

Sources & Further Reading

  • Restaurant Brands International 2025 Annual Report (SEC Filing)
  • RBI Investor Relations
  • RBI Q4 2025 Earnings Release
  • RBI 2026 Investor Day Presentation
  • Burger King Official Website
  • Cannes Lions Awards Archive
  • QSR Magazine: Burger King Coverage
  • Restaurant Business Online: Burger King News
  • CNBC: RBI Q4 2025 Earnings Coverage

Competitors to Burger King

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Burger King PhilippinesBurger King Philippines
Jollibee Foods
Philippines
1997
Mass marketAsia pacificAll Genders
KFCKFC
Yum Brands
USA
1952
Mass marketGlobalAll Genders
Krispy KremeKrispy Kreme
Jab Holding Company
USA
1937
Mass marketGlobalAll-ages
SteersSteers
Famous Brands
South Africa
1960
Mass marketRegionalAll Genders
Taco BellTaco Bell
Yum Brands
USA
1962
Mass marketGlobalAll Genders
Wing StreetWing Street
Yum Brands
USA
2003
Mass marketNorth americaUnisex

Learn More About Competitors

Burger King PhilippinesFood Service Restaurants

Burger King Philippines

Owned by Jollibee Foods Corporation

Philippine franchise of the Burger King fast food chain, operated by BK Titans, Inc. and majority-owned by Jollibee Foods Corporation (PSE: JFC). Burger King entered the Philippines in 1997. Jollibee acquired a 54% stake in BK Titans in 2011. Approximately 125 stores as of 2024.

hamburgersfast-foodflame-grilled
KFCFood Service Restaurants

KFC

Owned by Yum! Brands, Inc.

American fast food chain specializing in fried chicken, owned by Yum! Brands (NYSE: YUM), with over 30,000 locations globally.

fried-chickenfast-foodquick-service
Krispy KremeFood Beverage

Krispy Kreme

Owned by JAB Holding Company

American doughnut brand founded in 1937, publicly traded on NASDAQ (DNUT) with JAB Holding as largest shareholder at 43%. Operates over 2,100 shops globally with a hub-and-spoke distribution model.

doughnutsbakeryfood-beverage
SteersFood Service Restaurants

Steers

Owned by Famous Brands Limited

South African flame-grilled burger chain and founding brand of Famous Brands Limited, Africa's largest restaurant franchisor with over 3,000 locations.

flame-grilledburgersfast-food
Taco BellFood Service Restaurants

Taco Bell

Owned by Yum! Brands, Inc.

American fast food chain specializing in Mexican-inspired cuisine, owned by Yum! Brands with over 8,500 locations globally.

mexican-foodfast-foodquick-service
Wing StreetFood Service Restaurants

Wing Street

Owned by Yum! Brands, Inc.

Pizza Hut's chicken wing brand, offering bone-in and boneless wings in nine flavors. Operates as a co-branded concept within Pizza Hut locations globally. Owned by Yum! Brands.

chicken-wingsfast-fooddelivery

Competitive Analysis

Market Positioning: Burger King competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Burger King

Looking for brands with different ownership structures? These similar brands are not owned by Restaurant Brands International Inc., giving you alternative choices that support different corporate structures.

Del TacoFood Service Restaurants

Del Taco

Owned by Del Taco, Inc.

American quick-service restaurant chain specializing in Mexican-inspired cuisine. Founded in 1964. Owned by Yadav Enterprises since December 2025.

mexican-foodquick-servicetacos
Privately Owned

Del Taco is privately owned, unlike Burger King which is under a publicly traded parent company.

SubwayFood Service Restaurants

Subway

Owned by Roark Capital

American fast food restaurant chain founded in 1965, specializing in submarine sandwiches and salads. The world's largest restaurant chain by location count, acquired by Roark Capital Group in April 2024 for $9.6 billion.

fast-foodsandwichesrestaurant
Privately Owned

Subway is privately owned, unlike Burger King which is under a publicly traded parent company.

Dunkin'Food Service Restaurants

Dunkin'

Owned by Inspire Brands

American quick-service restaurant chain specializing in coffee, donuts, and breakfast items. Owned by Inspire Brands. Reached 10,000 U.S. locations in October 2025.

donutscoffeebreakfast
Privately Owned

Dunkin' is privately owned, unlike Burger King which is under a publicly traded parent company.

SupermacsFood Service Restaurants

Supermacs

Owned by Unknown Company

Irish fast food restaurant chain specializing in burgers, chicken, and fish, independently owned and operating over 100 locations across Ireland.

burgersfast-foodirish
Independent

Supermacs is privately owned, unlike Burger King which is under a publicly traded parent company.

Golden CorralFood Service Restaurants

Golden Corral

Owned by Golden Corral

American grill and buffet restaurant brand owned by Golden Corral Corporation and operated mainly by independent franchisees.

restaurantsbuffetsfranchising
Privately Owned

Golden Corral is privately owned, unlike Burger King which is under a publicly traded parent company.

Freddy's Frozen Custard & SteakburgersFood Service Restaurants

Freddy's Frozen Custard & Steakburgers

Owned by Freddy's Frozen Custard & Steakburgers, Inc.

American casual dining restaurant chain specializing in frozen custard, steakburgers, and hot dogs.

frozen-custardsteakburgerscasual-dining
Privately Owned

Freddy's Frozen Custard & Steakburgers is privately owned, unlike Burger King which is under a publicly traded parent company.

Restaurant Brands International Inc. Stock Information

Jobs at Restaurant Brands International Inc.

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Last reviewed: July 1, 2026 · Reviewed by Who Brands Editorial Team