Chris Liddell in the US

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Retail

Receivers progress deal to keep Burger King afloat

Victoria Young
Wed, 29 Apr 2020

Victoria Young
Wed, 29 Apr 2020
Suppliers and landlords of Burger King are to forgo millions of dollars in payments from the chain’s private equity owners as progress is made on a deal for its survival.  The owner of its outlets in New Zealand, Tango Holdings New Zealand, has been in receivership since April 14, with KordaMentha’s Grant Graham and Brendon Gibson working to get the business up and running so they can sell it.  Under alert level 3, 71 outlets are open, with only 12 closed because they do not have drive-thru services.  Gibson said at the time of receive...

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