Alsea, a Mexican restaurant group that also runs Starbucks restaurants, has agreed to sell its Burger King restaurants in Argentina. The company told the Mexican Stock Exchange (Bolsa Mexicana de Valores, or BMV) on Friday, 13 November 2026, that it signed a binding agreement.
—Who. Alsea, a Mexican restaurant operator listed on the BMV, is the seller.
—What. A binding agreement to sell its Burger King restaurants in Argentina, announced on 13 November 2026.
—Size. 107 restaurants, out of 368 Burger King restaurants in Mexico, Argentina and Chile at the last quarterly report.
—Terms. Price and closing date were not disclosed; closing needs regulatory approvals.
—Power Index. Mexico ranks 2nd of 14 in The Rio Times Latin America Power Index, with 70.8 points (November 2026 edition).
Alsea says the sale simplifies its brand portfolio. It has not said who is buying or at what price.
What Alsea Announced
Alsea said in its notice to the BMV that it had signed a binding agreement to sell its Burger King restaurants in Argentina. It described the deal as part of a strategy to simplify its portfolio of brands, and said closing depends on customary conditions, including regulatory approvals.
The notice gave no price, no buyer and no closing date. Alsea’s latest quarterly report counts 107 Burger King restaurants in Argentina, against 168 in Mexico and 93 in Chile.
The Mexican Stock Exchange building in Mexico City, where Alsea shares trade.Why It Matters
Argentina is Alsea’s second-largest Burger King market after Mexico, so the sale would take 107 of its 368 Burger King restaurants, about 29%, out of the group once it closes. At its October conference with analysts and investors, Alsea’s chief executive had already said the group was advancing the possible sale of several assets, Burger King among them, without naming markets or a buyer.
Burger King is a well-known US fast-food chain, so the deal would change who serves its customers in Argentina. For investors in Alsea’s shares, it is one more step in shrinking the group’s brand list, and our report on its third-quarter results shows what the group earns today.
Mexico — Live Market Board
Who Is the Buyer?
Alsea’s notice does not name the buyer. Argentine business press names Integra Capital, an Argentine investment group controlled by businessman José Luis Manzano, as the buyer, but Alsea has not confirmed this.
We therefore treat the buyer as reported, not confirmed. Alsea’s earlier brand moves are covered in our report on its Starbucks agreement to 2046.
What to Watch
Alsea has given no closing date, and the regulators whose approval it needs have not been named. We therefore have no dated checkpoint to give, and later BMV notices from Alsea are where a price or closing date would appear.
More coverage is on our Mexico news page. Our Argentina news page follows the other side of the deal.
What Is Not Known
The price, the closing date and the regulators involved are all unknown. The buyer is unconfirmed, and Alsea has not said whether its talks on Burger King also cover Mexico and Chile.
What It Means for You
Investors who follow Alsea should look for the price and closing date in its next BMV notices. Anyone visiting Argentina should know that the Burger King restaurants there would change owner if approvals come, and Alsea has not said how they will operate in the meantime.
Frequently Asked Questions
What is Alsea selling?
Alsea has agreed to sell its Burger King restaurants in Argentina. Its latest quarterly report counts 107 of them.
Who is buying Burger King Argentina?
Alsea has not named the buyer. Argentine business press names Integra Capital, which Alsea has not confirmed.
How much is the Burger King Argentina sale worth?
Alsea did not disclose a price. Closing depends on regulatory approvals and other customary conditions.
Is the sale final?
Alsea signed a binding agreement on 13 November 2026, but closing still needs regulatory approvals. No closing date has been announced.
Sources: Alsea investor relations and its notice to the Bolsa Mexicana de Valores, 13 November 2026; Alsea third-quarter 2026 report (restaurant counts). Items marked as reported rest on business press and have not been confirmed by Alsea.