Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Burger King will enter Japan, opening its first store, in Tokyo, some time during the first half of next year. The expansion marks Burger Kings first unit in Japan in five years, according to published reports from that country.

Two Japan-based firms, the Lotte Group and Revamp Corp., will be overseeing the fast-food chain’s expansion into the country. “Japan presents significant opportunities for Burger King and is important to our international development strategy,” says John Chidsey, CEO of Burger King Corp., in a statement.

In a November presentation to investors Burger King management highlighted Japan as a market with great growth potential and pointed out that competitor McDonald’s has nearly 4,000 units there. Other Asian countries the company has targeted for growth are China, Malaysia and South Korea.

Worldwide, Burger King is works to open more than 430 new restaurants next year, most of them in Asia and Europe. Management predicts year-over-year same-store sales growth of 1.1% in next year’s first quarter in those regions. Overall, locally based Burger King operates just over 11,000 restaurants in the US and other countries.

The Lotte Group is a conglomerate that invests in a number of industries, including retail, fast food, and hotels. Revamp is a management-services firm that advises the retail, consumer-products and high-tech industries.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.