|
|
Article: CONTINUATION: Can Restaurant Brands avoid a fast-food firesale?(BUSINESS HERALD)
- Article from:
- New Zealand Herald (Auckland, New Zealand)
- Article date:
- March 17, 2007
CopyrightCOPYRIGHT 2007 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The former is believed to be Pacific Equity Partners (PEP), which owns Collins Foods with a Pizza Hut franchise in Australia. PEP also owns Tegel chicken in New Zealand.
Tegel recently lost its contract to supply chicken to KFC and would benefit from any sale. But PEP is understood to have lost interest amid wrangles over price.
Bill Falconer was the Restaurant Brands chairman from its float in 1997 until van Arkel took over last July.
He oversaw the company through some decisions that -- like many -- seem unwise with 20/20 hindsight.
The former chairman concurs with some investors and analysts who wonder whether Restaurant Brands belongs on the market at all. ...