BurgerFuel may cancel US expansion if backer pulls out, posts annual loss

Tue, 14 Jun 2016

By Sophie Boot June 14 (BusinessDesk) - BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, says it may ditch its plans to enter the US market and is uncertain of its support from backer Franchise Brands. Entry into the world's biggest economy has been much more complex than BurgerFuel thought and it expects further delays as it has not had confirmation that US investor Franchise Brands will continue its involvement, the Auckland-based company said in a statement. It will update the market in the next few weeks. Franchi...

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