Restaurant Brands International Inc. (QSR): restructuring charge — RBI forms Burger King China JV with CPE; takes $150M impairment charge

Restaurant Brands International Inc.

CPE invests $350M for ~83% stake; RBI retains ~17% and a board seat.
RBI to record non-cash impairment charge of ~$150M on its Burger King China holdings.
JV aims to grow from ~1,250 restaurants today to over 4,000 by 2035.
RBI enters 20-year master development agreement for exclusive Burger King rights in China.
Transaction expected to close in Q1 2026, subject to regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Restaurant Brands International Inc. announced a impairment with charges of approximately $150 million affecting Burger King China.

Type: impairment
Charge: approximately $150 million
Affected area: Burger King China

Exact text from the filing

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.

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Restaurant Brands International Inc. filing history →

Source: SEC EDGAR

accession 0001618756-25-000302

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