Restaurant Brands and CPE to form a joint venture.

Restaurant Brands, the fifth-largest operator of fast food restaurants in the world, and CPE, a Chinese alternative asset manager, agreed to form a joint venture. Financial terms were not disclosed. "China remains one of the most exciting long-term opportunities for Burger King globally. Our recent investments and this joint venture underscore our confidence in the Chinese market. CPE is a well-capitalized, proven operator with exceptional leadership and extensive consumer and restaurant experience, making them an ideal partner to fuel the next chapter of Burger King China's growth. Together, we can unlock the business's full potential by combining our iconic brand and global scale with CPE's local market and operational expertise," Joshua Kobza, RBI CEO.