Burger King NZ posts small loss in first full-year under Blackstone ownership

Tue, 19 Nov 2013

By Jonathan Underhill Nov. 19 (BusinessDesk) – The operator of Burger King in New Zealand posted a small loss in 2012, the first full year under the ownership of US private equity firm Blackstone Group. Tango Holdings, the New Zealand parent of the burger chain operator, Antares Restaurant Group, had a net loss of about $1.88 million in calendar 2012 on sales of $174.9 million. It recorded a loss of about $6.9 million on sales of $16.5 million for 2011, though this would have been for a part year as Tango was incorporated in October 2011,...

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