Burger King’s new owners have a long to-do list as they try to remake the struggling hamburger chain. On Monday, they crossed off one chore: Making nice with disenfranchised franchisees.
The company and its franchisees announced they would settle a legal battle they’ve been fighting since 2009, when the corporation told restaurant operators to sell the double cheeseburger for $1. The franchisees sued, saying they couldn’t make money at that price.
The settlement comes six months after Brazilian investment firm 3G Capital bought Burger King for $4 billion. Since then, 3G has shaken up management, laid off workers and trimmed other costs, and set plans in motion to expand in Asia and Latin America.