BK buys 72 stores from 32-year franchisee

MIAMI Burger King Corp. said it has purchased 72 units in Iowa and Nebraska that were operated by Simmonds Restaurant Management, a franchisee of the concept since 1976. Terms were not disclosed.

Simmonds remains a franchisee of the Taco John’s and Jimmy John’s quick-service chains, Burger King said. Simmonds president and chief executive Michael Simmonds said the deal “coincides perfectly with my desire to simplify my life.”

The purchase allows the fr

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