---
schema_version: "secwatch.filing_event.v1"
accession: "0001618756-25-000302"
form_type: "8-K"
ticker: "QSR"
cik: "0001618756"
company_name: "Restaurant Brands International Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:24:51.595101+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RBI forms Burger King China JV with CPE; takes $150M impairment charge

## Summary
- 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.

## SEC filing metadata
- accession: 0001618756-25-000302
- form_type: 8-K
- ticker: QSR
- cik: 0001618756
- company_name: Restaurant Brands International Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.06, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618756/000161875625000302/0001618756-25-000302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618756/000161875625000302/qsr-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618756-25-000302
- JSON: https://secwatch.observer/filing/0001618756-25-000302.json
- Plain text: https://secwatch.observer/filing/0001618756-25-000302.txt

## Source-grounded claims
- claim_id: c1145716b03bb4d07bf1d9f39c9e68b0a47b45b9
  claim: Restaurant Brands International Inc. 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/1618756/000161875625000302/0001618756-25-000302-index.htm

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