BurgerFuel gets $5.9 mln injection from new US investor to fund global expansion

Mon, 13 Jan 2014

By Paul McBeth Jan. 14 (BusinessDesk) - Burger Fuel Worldwide, the NZAX-listed fast food chain franchisor, will raise $5.9 million from a new US investor, Franchise Brands, to help fund its global growth aspirations, including plans to reach into the world’s biggest economy. Milford, Connecticut-based Franchise Brands will buy a 10 percent stake at $1.35 apiece with an option to lift its holding to 50 percent over eight years, and will support the New Zealand firm’s growth plans, including in the US where BurgerFuel plans to open restaurants...

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