Pizza Hut and Burger King Owners Sell Off Business in Pakistan
Famous fast food restaurants Pizza Hut and Burger King have come under new management in Pakistan as Maaks International has acquired MCR and MCR Pakistan.
MCR and MCR Pakistan are the two companies that operate Pizza Hut and Burger King respectively. The deal is reported to be in the range of $10 million to $15 million. Both Pizza Hut and Burger King will continue to operate under the same brand identity.
Maaks International is a privately-held company based in Rawalpindi/Islamabad. The firm has operations in rice, petroleum, hospitality, pharmaceuticals, and FMCG sectors.