
Under The Radar
Under the Radar: (SPECIALS) Why is Burger King, Popeyes and Tim Hortons’ parent Restaurant Brands International expanding aggressively in APAC right now?
What comes to mind when you think of the phrase “flamed-grilled” burgers, or even to “have it your way”? For over seven decades, Burger King built its identity around its freshly flame-grilled burgers and the iconic Whopper. But behind that familiar bite, is a giant food empire altogether. The brand is part of Restaurant Brands International, a company formed in 2014 following the merger of Burger King and coffee chain Tim Hortons. Today, the Toronto headquartered company owns four of the world’s most prominent fast food chains, namely Burger King, Tim Hortons, Popeyes and Firehouse Subs. It is more notably one of the world’s largest quick service restaurant companies with nearly US$49 billion in annual system-wide sales generated across over 33,000 restaurants in more than 120 countries and territories. Restaurant Brands International is a company to look at not just because of the sheer scale of its operations, but also because of its recent efforts to rejuvenate APAC business in the past three years. In late October 2022, Restaurant Brands International’s subsidiary PLK Apac appointed Fei Siong Group to run the Popeyes fried chicken chain in Singapore after working with Malaysian restaurant operator Revenue Valley for over a decade. The firm also launched the Popeye’s brand in Indonesia and South Korea that same year, and announced a nationwide expansion in China the following year. Then came the year 2023, where its coffee brand Tim Hortons entered the Singapore market, and made a plan to open over 150 outlets in South Korea in five years. But perhaps what’s even more exciting was a move by Restaurant Brands International to buy Burger King China back from Turkish restaurant franchise operator TFI and global private equity firm Cartesian in 2025. Later that year, the company announced a joint venture with Chinese alternative asset manager CPE to reimagine the next phase of growth for Burger King, with the aim to expand the burger chain’s footprint from roughly 1,250 outlets to over 4,000 by 2035. So why is the firm aggressively expanding in Asia right now? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Daphne Kuah, Chief Commercial Officer, Restaurant Brands International APAC. See omnystudio.com/listener for privacy information.






