Shuttered
German Burger King restaurants to reopen this week
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[December 15, 2014]
FRANKFURT (Reuters) - German Burger
King <BKW.N> restaurants that were shut down last month in a row between
their operator and the U.S. fast food company will re-open this week,
Burger King Germany said on Monday.
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Twenty-six of the 89 outlets will open their doors again on Monday
and the rest by Wednesday, it said in a statement.
Burger King had told Yi-Ko Holding, formerly the biggest operator of
the restaurants in Germany, to shut down the restaurants immediately
last month, saying the franchisee had violated its rules on the
treatment of employees.
Last week, Yi-Ko filed for insolvency, putting 3,000 jobs at the
restaurants at risk.
Burger King has now given insolvency administrator Marc Odebrecht a
temporary license to operate the outlets under the company's brand
and has provided a loan for the business.
There are 688 Burger King restaurants in Germany.
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It was not immediately clear how long the license would last.
(Reporting by Alexander Huebner; Writing by Maria Sheahan; Editing
by Ruth Pitchford)
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