Justice Holdings

Andrew Hill

I hope activist Bill Ackman knows what he’s getting into by backing the purchase of a 29 per cent stake in Burger King.

Mr Ackman is one of the founders of Justice Holdings, a UK investment vehicle that until Tuesday was, to me at least, as little-known as Burger King is famous. But Justice’s decision to buy a minority stake and take the company on to the New York Stock Exchange reminded me how, a few years ago, a rumour that Warren Buffett had his eye on the chain turned out to be a whopper