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General Business
6 mins to read
3

Burger Fuel Group opts for buyback

Burger chain using buyback to settle US franchise debts.

Andrew Bevin Fri, 23 Oct 2020

NZX-listed Burger Fuel Group is acquiring 3.3 million shares from its founder for no cash payment to cover a $1.3 million debt owed in a failed US licensing deal.

In March 2018, Chris Mason, who founded BurgerFuel 24 years ago in Ponsonby, bought the master licence in the US for $261,000, and

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Andrew Bevin Fri, 23 Oct 2020
Contact the Writer: andrew@nbr.co.nz
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Burger Fuel hunkers down to ride out Covid-19
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Burger Fuel hunkers down to ride out Covid-19
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Privatisation now a 'serious option' for BurgerFuel
Burger Fuel Group opts for buyback
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