
	Burger King, often abbreviated as&nbsp;BK, is a global&nbsp;chain&nbsp;of&nbsp;hamburger&nbsp;fast food restaurants&nbsp;headquartered in&nbsp;unincorporated&nbsp;Miami-Dade County, Florida, United States. The company began in 1953 as Insta-Burger King, a&nbsp;Jacksonville, Florida-based restaurant chain. After Insta-Burger King ran into financial difficulties in 1954, its two Miami-based franchisees,&nbsp;David Edgerton&nbsp;and&nbsp;James McLamore, purchased the company and renamed it Burger King. Over the next half century, the company would change hands four times, with its third set of owners, a partnership of&nbsp;TPG Capital,&nbsp;Bain Capital, and&nbsp;Goldman Sachs Capital Partners, taking it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in BK in a deal valued at&nbsp;US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes.
