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Restoring Burger King to its Former Glory
In recent news, Burger King, one of the most popular fast food chains worldwide, has faced challenges leading to store closures across the country. As the competition in the fast food industry intensifies, Burger King needs to go back to basics and implement strategic changes to regain its position as a leader in the market. This article will explore the reasons behind Burger King’s struggles, potential solutions, and the steps the company can take to revitalize its brand.
The Current State of Burger King
Burger King, a subsidiary of Restaurant Brands International Inc., recently announced plans to close up to 400 restaurants by the end of 2023. The CEO of Restaurant Brands International Inc., Joshua Kobza, stated that the company historically closes a couple hundred Burger King restaurants each year. Several large Burger King franchisees, including Toms King, EYM King, and Meridian Restaurants Unlimited, have already filed for bankruptcy, exacerbating the challenges faced by the fast food giant.
Factors Contributing to Burger King’s Struggles
Declining Foot Traffic and Increased Costs
Over the past several years, Burger King franchisees, like Meridian Restaurants Unlimited, have experienced…