Brief: Carrols Says Co, Units Entered Into Amended And Restated Area Development Agreement With Burger King
08/01/2021 21:27
Jan 8 (Reuters) - Carrols Restaurant Group Inc TAST.O :
* CARROLS RESTAURANT GROUP - ON JANUARY 4, 2021, CO AND
UNITS
ENTERED INTO AMENDED AND RESTATED AREA DEVELOPMENT AGREEMENT
WITH BURGER KING CORPORATION
* CARROLS RESTAURANT - AGREEMENT REMOVES OBLIGATION BY UNIT
TO
REMODEL/UPGRADE TOTAL OF 748 BURGER KING RESTAURANTS BY SEPT.
30, 2024
* CARROLS RESTAURANT - AGREEMENT AMENDS, REPLACES OBLIGATION
BY
UNIT TO OPEN, DEVELOP, OPERATE TOTAL OF 200 BURGER KING
RESTAURANTS BY SEPTEMBER 30, 2024
* CARROLS RESTAURANT - AGREEMENT TERMINATES ASSIGNMENT BY
BKC TO
UNIT OF BKC'S RIGHT OF FIRST REFUSAL UNDER FRANCHISE AGREEMENTS
WITH ITS FRANCHISEES
Source text: (https://bit.ly/3osbWuB)
Further company coverage: QSR.TO
((Reuters.Briefs@thomsonreuters.com;))
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