Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Malian jihadist jailed for nine years for destroying ancient Timbuktu shrines

Read more

TALKING EUROPE

Juncker and Schulz debate the future of Europe

Read more

MEDIAWATCH

Hillary wins debate but Trump 'wins undecideds'

Read more

THE DEBATE

Who won? The impact of first Clinton-Trump debate (part 1)

Read more

THE DEBATE

Who won? The impact of first Clinton-Trump debate (part 2)

Read more

EYE ON AFRICA

Abubakar Shekau says he is still leading Boko Haram

Read more

FOCUS

Video: 'Buy Black' movement gains momentum in US

Read more

ENCORE!

Reality Hunger: David Shields does away with novelistic convention

Read more

THE INTERVIEW

Women terrorists are 'probably the wave of the future', says ex-CIA agent

Read more

Business

French competition watchdog lets Burger King swallow Quick

© Thomas Samson, AFP | The front of a Quick restaurant on a Paris street, on September 28, 2015

Text by NEWS WIRES

Latest update : 2015-12-11

The French competition authority on Thursday gave the green light for Burger King's takeover of the 405 outlets of fast-food rival Quick.

"The deal does not harm competition (in France)," the watchdog said.

The only obstacle to the deal negotiated through Quick's owners Qualium Investissement has been overcome with Burger King agreeing to cancel a franchise contract on the island of Corsica.

The deal makes Burger King the second-largest fast-food chain in France behind US rival McDonald's.

Quick employs 19,000 people and registered a turnover of 1.029 billion euros ($1.12 billion) last year, of which 818 million euros was in the French market.

Burger King currently operates 30 restaurants in France.

No financial details of the deal have been released.

While the traditional ham-and-butter baguette once reigned in France, hamburgers now account for one in four restaurant meals eaten in the land of gastronomy, according to a March report by food marketing group Gira Conseil.

(AFP)

Date created : 2015-12-11

  • FRANCE

    Uber fined 150,000 euros for misleading practices in France

    Read more

  • BUSINESS

    Facebook's Zuckerberg to give 99 percent of shares to charity

    Read more

  • US - Ireland

    Drug giant Pfizer to buy Allergan, maker of Botox, in $160 bn deal

    Read more

COMMENT(S)