Burger King worries over credit crunch impact

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Burger King

October 22, 2008
Source
Reuters
The global downturn is pushing consumers to Burger King's  stores in search of cheaper dining, but the company is worried that a prolonged credit crunch could hurt its franchisees' borrowing ability.

"In the short run, we've been somewhat of a beneficiary"of the downturn, Burger King CEO John Chidsey told Reuters in an interview in Taiwan on Wednesday. The company announced a new partnership and expansion plan in Taiwan.

"People who can't afford to go to (mid-priced restaurants) but still want to go out -- we've benefited from that. The question is if things get worse, do people decide at some point they should just stay at home?"

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