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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] SEOUL, November 18 — Affinity Equity Partners announced that it has signed an agreement to sell 100% of Burger King Japan to Goldman Sachs’ Alternative Investments division for JPY 78.5 billion (approximately KRW 750 billion).
Affinity acquired the franchise rights to Burger King in Japan in 2017 as its first investment in the country and partnered with Restaurant Brands International (RBI) under a global master franchise development agreement. Through aggressive store expansion, strategic closures of underperforming outlets, and upgrades to high-potential locations, Affinity successfully stabilized and grew a brand that had repeatedly failed in previous Japan market attempts.
Under Affinity’s ownership, Burger King Japan’s revenue increased 290-fold in seven years, and the number of stores expanded from 8 to over 310. As of Q3 2025, company-operated stores recorded an EBITDA margin of 13.3%, one of the highest across Burger King operations worldwide.
알파경제 Kim Jisun (stockmk2020@alphabiz.co.kr)
