Restaurant Brands Aims for Better-Looking Burger Kings in Carrols Deal

Your local Burger King might look a bit fresher, faster, following a $1 billion deal announced by BK parent Restaurant Brands International. 

The fast-food holding company is buying its biggest U.S. Burger King franchisee, Carrols Restaurant Group, partly to try to speed up remodels of older domestic restaurants, it said. RBI said Tuesday that it will pump $500 million into remodeling roughly 600 of Carrols’s BK locations, aiming to wrap up the remodels by 2028, faster than the franchisee would’ve done on its own.