---
schema_version: "secwatch.filing_event.v1"
accession: "0001618755-25-000048"
form_type: "8-K"
ticker: "RSTRF"
cik: "0001618755"
company_name: "Restaurant Brands International Limited Partnership"
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:24:58.633479+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RBI and CPE announce Burger King China JV; CPE invests $350M, RBI retains 17%, takes $150M impairment

## Summary
- CPE to invest $350M new primary capital into Burger King China JV, owning ~83%; RBI retains ~17% and a board seat.
- RBI will record a non-cash impairment charge of approximately $150M on its Burger King China holdings.
- Joint venture aims to expand Burger King China from ~1,250 restaurants to over 4,000 by 2035; target to double in 5 years.
- Transaction expected to close in Q1 2026, subject to regulatory approvals; RBI will start recognizing royalties post-close.
- RBI will not receive any cash proceeds; capital remains in JV to support growth.

## SEC filing metadata
- accession: 0001618755-25-000048
- form_type: 8-K
- ticker: RSTRF
- cik: 0001618755
- company_name: Restaurant Brands International Limited Partnership
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618755/000161875525000048/0001618755-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618755/000161875525000048/qsr-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618755-25-000048
- JSON: https://secwatch.observer/filing/0001618755-25-000048.json
- Plain text: https://secwatch.observer/filing/0001618755-25-000048.txt

## Source-grounded claims
- claim_id: e6502f114b7b662fac6af2397f2e13a04ed058cb
  claim: Restaurant Brands International Limited Partnership announced a impairment with charges of approximately $150 million affecting Burger King China.
  evidence_excerpt: the Company has determined that it will be required under generally accepted accounting principles to take a non-cash charge of approximately $150 million on its Burger King China holdings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618755/000161875525000048/0001618755-25-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.