Reading Time: 2 minutes Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better-than-expected quarterly profit, helped by new menu items and lower costs. Most of Restaurant Brands outlets are in the U.S. and Canada. But the company has been opening new restaurants in France, Brazil, Russia and India, following its peers such as […] Read more
Tim Hortons owner profit beats Street on lower costs, new items
Owner of Tim Hortons, Burger King posts strong Q1
Reading Time: 2 minutes Reuters — Restaurant Brands International said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company’s stock rose more than three per cent in early trading but later pared gains. U.S. chain Burger King […] Read more
Burger King, Tim Hortons owner posts loss on deal costs
Reading Time: 2 minutes Toronto | Reuters — Restaurant Brands International Inc., formed out of Burger King’s takeover of coffee and doughnut chain Tim Hortons last year, saw robust quarterly sales growth at both brands, but posted a net loss due to one-time costs related to the merger. Shares of the company, which had jumped more than 40 per […] Read more
Tim Hortons shareholders approve Burger King deal
Reading Time: 2 minutes Stockholders in Canada’s emblematic Tim Hortons coffee-and-donut chain have voted their shares in favour of U.S. fast-food chain Burger King’s marriage proposal. A special THI shareholders’ meeting held Tuesday at the company’s Oakville, Ont. headquarters saw the proposal receive about 99.2 per cent approval in votes cast. The two firms announced Tuesday their combined new […] Read more
Burger King takeover of Tim’s gets federal approval
Reading Time: 2 minutes Canada’s federal industry minister has given his blessing to the planned takeover of iconic coffee-and-donut chain Tim Horton’s by U.S. fast food giant Burger King. James Moore said Thursday his ministry has reviewed the proposed US$15.5 billion takeover, as the Investment Canada Act requires for such foreign investment transactions. Through the review of Burger King’s […] Read more
Antitrust watchdog clears Tim Hortons takeover
Reading Time: < 1 minute Canada’s Competition Bureau has no plans to block Timmy’s entry to the Burger King’s kingdom. The bureau said Tuesday it has issued a “no action” letter confirming it won’t, at this time, challenge the US$15.5 billion merger of Tim Hortons into Burger King as proposed in August. The deal is “unlikely to result in a […] Read more
A message from April Stewart, Country Guide's Associate Editor
