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Restaurant Brands International

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475:$ 12.5 billion (US$ 11.4 billion). 3G Capital purchased the company at $ 65.50 per share, and existing shareholders received $ 65.50 in cash and 0.8025 shares in the new holding company: per-share—all-cash ($ 88.50) and all-shares (3.0879) options would also be available. Due to its iconic status in Canadian culture, CEO Marc Caira reassured the integrity of Tim Hortons following the purchase, stating that the acquisition would "enable us to move more quickly and efficiently to bring Tim Hortons' iconic Canadian brand to a new global customer base". 2857: 29: 518:
up at least 30% of Tim Hortons' board of directors. Tim Hortons shareholders approved the merger on December 9, 2014; the same day, it was announced that the new holding company would be known as Restaurant Brands International, and trade under the ticker symbol QSR. Vice-chairman Marc Caira felt that the merger was the "next chapter" for Tim Hortons, envisioning a "bolder, more assertive, and dynamic Tim Hortons in the future" alongside its prospects for international expansion.
2355: 795:, which partially funded the merger, held a 4.8% stake in the mid to late 2010s. Previous Tim Hortons shareholders hold a sizeable share of the combined company. Until early 2019, Daniel Schwartz served as CEO of the company, with previous Tim Hortons CEO Marc Caira being vice-chairman and director. In January 2019, Jose Cil was named the CEO of Restaurant Brands International, and Schwartz was named the executive chairman of the company. 2893: 274: 254: 234: 214: 191: 2881: 2869: 468:, and the remaining shares in the company held by current Burger King and Tim Hortons shareholders. A Tim Hortons representative stated that the proposed merger would allow Tim Hortons to leverage Burger King's resources for international growth; the two chains would retain separate operations post-merger. News of the proposal caused Tim Hortons' shares to increase in value by 28 percent. 498:
techniques to reduce its tax rate to 27.5%. As a high-profile instance of tax inversion, news of the merger was criticized by U.S. politicians, who felt that the move would result in a loss of tax revenue to foreign interests, and could result in further government pressure against inversions (which
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on December 4, 2014; the two companies agreed to conditions, requiring that the Burger King and Tim Hortons chains retain separate operations, not combine locations in Canada and the United States, maintain "significant employment levels" at the Oakville headquarters, and ensure that Canadians make
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but maintains the majority of their operations in their previous location, had been a recent financial trend, it did not have as much of an impact on Burger King's reincorporation in Canada. The
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for US$ 1.8 billion at US$ 79 per share. On March 27, 2017, the deal closed with RBI purchasing Popeyes at $ 79 per share via Orange, Inc, an indirect subsidiary of RBI.
1308:"Restaurant Brands International Inc. Announces Successful Completion of its Tender Offer to Purchase All of the Outstanding Shares of Popeyes Louisiana Kitchen, Inc" 1582: 2948: 2943: 1067: 939: 1326: 426:. The 2014 merger focused primarily on expanding the international reach of the Tim Hortons brand and providing financial efficiencies for both companies. 958: 2322: 1352:"Restaurant Brands International Inc. Completes Acquisition of Firehouse Subs and Announces Increase in Borrowings Under Existing Term Loan A Facility" 1436: 1233: 521:
In February 2024, RBI said it anticipates 40,000 restaurants worldwide by 2028, up from 31,070 across its various brands at the end of fiscal 2023.
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on October 28, 2014, ruling that the deal was "unlikely to result in a substantial lessening or prevention of competition". The deal was approved by
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https://s26.q4cdn.com/317237604/files/doc_financials/2020/ar/Restaurant-Brands-International-%E2%80%93-2019-SEC-Form-10-K-Annual-Report.pdf
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denied that the merger was tax-related, stating that it was "fundamentally about growth and creating value through accelerated expansion".
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In March 2023, Joshua Kobza was named the CEO of Restaurant Brands International, replacing Jose Cil, who had held the role since 2019.
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3G Capital (which held a 71% majority stake in Burger King) holds a 32% stake in Restaurant Brands International.
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On August 25, 2014, Burger King officially confirmed its intent to acquire Tim Hortons Inc. in a deal totaling
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had, until the Burger King merger, been primarily invoked by pharmaceutical firms). 3G Capital co-founder
2508: 2493: 2007: 1971: 1910: 1862: 507: 422:). For tax purposes, Burger King and Popeyes retain their existing operations and headquarters, both in 2847: 2614: 2231: 1701: 553:
The key trends for Restaurant Brands International are (as of the financial year ending December 31):
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announced that it was in negotiations to merge with the Canadian coffee shop and restaurant chain
2968: 2834: 2734: 2340: 2087: 1796: 1149:"Tim Hortons enters 'next chapter' as shareholders approve Burger King's $ 12.5 billion takeover" 491: 434: 378:. It was formed in 2014 by the $ 12.5 billion merger between American fast food restaurant chain 293: 178: 68: 464:
into Canada, with a new holding company majority-owned by Burger King's current majority-owner,
2913: 2669: 2649: 2579: 2501: 1806: 1791: 816: 438: 59: 2824: 2764: 2689: 2216: 2169: 1738: 1686: 433:, owns a 32% stake in Restaurant Brands International. The company is publicly traded on the 2769: 2377: 2358: 2226: 2133: 1821: 1757: 1696: 395: 195: 8: 2784: 2719: 2196: 2128: 2049: 1915: 1666: 1201:"Burger King promises to ramp up Tim Hortons' U.S. expansion as Ottawa approves takeover" 399: 1327:"Burger King parent Restaurant Brands International buys Firehouse Subs for $ 1 billion" 2794: 2709: 2477: 2298: 2273: 2252: 2247: 2206: 1992: 1717: 1676: 1607: 799: 792: 490:
in the United States was at the time 39.1% (since then lowered to 21%), while Canada's
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3G Restaurant Brands Holdings LP, an affiliate of the Brazilian investment company
266: 168: 1560: 1226:"Tim Hortons, Burger King finalize merger to form Restaurant Brands International" 478:
Although tax inversions, a process in which a company moves its headquarters to a
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for US$ 1 billion. The acquisition was completed on December 15, 2021.
465: 430: 316: 288: 226: 1392:"Restaurant Brands International Fundamentals (2013-2021) – boerse.de" 72: 2804: 2729: 2654: 2419: 1847: 1094:"Burger King, Tim Hortons talks could turn up heat on tax inversions" 479: 407: 63: 2744: 2724: 2664: 1930: 1286: 483: 1437:"Berkshire to Hold Larger Stake in Burger King-Tim Hortons Parent" 2789: 2739: 2644: 2599: 2574: 1935: 1638: 1283:"Restaurant Brands to Add Popeyes to Tim Hortons and Burger King" 530: 415: 387: 329: 123: 119: 386:, and expanded by the 2017 purchase of American fast-food chain 2892: 2694: 2594: 2278: 2191: 2143: 1925: 1656: 2369: 1749: 2814: 2659: 2097: 1068:"Burger King, Tim Hortons ink merger deal for $ 12.5-billion" 423: 246: 2880: 988:"Burger King in Talks to Buy Tim Hortons in Canada Tax Deal" 940:"3G Capital selling $ 3 billion shares in Burger King owner" 802:
disclosed that they had completely sold their stake in RBI.
1120:"Burger King-Tim Hortons Merger Raises Tax-Inversion Issue" 494:
is only 26%; however, Burger King had already used various
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On November 15, 2021, RBI announced its intent to acquire
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On February 21, 2017, RBI announced its intent to acquire
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McKinnon, John D.; Paletta, Damian (August 25, 2014).
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Atkins, Eric; Nelson, Jacqueline (August 24, 2014).
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Canadian multinational fast food holding corporation
1590: 1528:Business data for Restaurant Brands International: 1232:. Canadian Press. December 12, 2014. Archived from 1042:"Burger King to Buy Tim Hortons for $ 11.4 Billion" 1001: 1137: 1192: 344: 2905: 1354:(Press release). PR Newswire. December 15, 2021. 1035: 1033: 986:Hoffman, Liz; Mattioli, Dana (August 25, 2014). 2949:Companies listed on the New York Stock Exchange 2323:Burger King Corporation v Hungry Jack's Pty Ltd 1166: 1117: 1111: 1013:"Tim Hortons, Burger King agree to merger deal" 985: 2944:Companies listed on the Toronto Stock Exchange 957:Sieniuc, Kat; Atkins, Eric (August 24, 2014). 950: 910:"Tim Hortons to move its Canadian head office" 382:and Canadian coffee shop and restaurant chain 2509: 2385: 1765: 1576: 1085: 1030: 959:"Burger King in talks to acquire Tim Hortons" 956: 934: 932: 452:On August 24, 2014, American fast-food chain 1065: 1039: 1428: 1091: 981: 979: 786: 2516: 2502: 2392: 2378: 1772: 1758: 1583: 1569: 1218: 1059: 929: 907: 414:. They are based alongside Tim Hortons in 27: 1040:De La Merced, Michael (August 26, 2014). 976: 140:29,456 (December 31, 2021 1434: 506:The deal was approved in Canada by the 2934:Canadian companies established in 2014 2906: 1485: 460:. The proposed merger would involve a 2929:Holding companies established in 2014 2497: 2373: 1753: 1564: 1460: 1324: 1280: 1172: 1010: 2336:Burger King PokĂ©mon container recall 1198: 1146: 1092:Puzzanghera, Jim (August 25, 2014). 543: 364:Restaurant Brands International Inc. 22:Restaurant Brands International Inc. 2835:Wheaton Precious Metals Corporation 1662:Army and Air Force Exchange Service 1461:Singh, Shradha (January 23, 2019). 1435:Buhayar, Noah (December 15, 2014). 1325:Lucas, Amelia (November 15, 2021). 908:Kalinowski, Tess (April 17, 2018). 13: 2605:Canadian Imperial Bank of Commerce 2600:Canadian Apartment Properties REIT 2585:Brookfield Infrastructure Partners 1454: 1394:. December 1, 2022. Archived from 812:List of Canadian restaurant chains 548: 14: 2980: 1513: 1281:Evans, Pete (February 21, 2017). 1199:Shaw, Hollie (December 4, 2014). 1147:Shaw, Hollie (December 9, 2014). 861:. Restaurant Brands International 2891: 2879: 2867: 2855: 2354: 2353: 1173:Evans, Pete (October 28, 2014). 273: 272: 253: 252: 233: 232: 213: 212: 190: 189: 2939:Restaurants established in 2014 2919:Restaurant Brands International 2760:Restaurant Brands International 2545:Algonquin Power & Utilities 2483:Restaurant Brands International 2399: 2304:Restaurant Brands International 2212:Burger King (Mattoon, Illinois) 1779: 1682:Burger King (Mattoon, Illinois) 1592:Restaurant Brands International 1410: 1384: 1358: 1344: 1318: 1300: 1274: 1248: 1011:Evans, Pete (August 26, 2014). 829: 524: 355:Footnotes / references 2924:2014 establishments in Ontario 2330:Burger King Corp. v. Rudzewicz 901: 884: 873: 848: 1: 842: 2954:Multinational food companies 2590:Brookfield Property Partners 7: 2964:Restaurant chains in Canada 2959:Holding companies of Canada 805: 10: 2985: 2615:Canadian Natural Resources 2232:Heartland Food Corporation 1957:Grilled chicken sandwiches 1702:Heartland Food Corporation 447: 2535: 2465: 2449: 2428: 2407: 2349: 2312: 2261: 2182: 2157: 2121: 2037: 2030: 1985: 1949: 1903: 1896: 1835: 1812:Countries with franchises 1787: 1726: 1647: 1616: 1598: 531:Popeyes Louisiana Kitchen 370:) is a Canadian-American 353: 339: 315: 305: 284: 264: 244: 224: 204: 185: 162: 152: 134: 114: 96: 86: 48: 38: 26: 2550:Alimentation Couche-Tard 1260:Nation's Restaurant News 822: 787:Ownership and leadership 78:S&P/TSX 60 component 2735:National Bank of Canada 2341:2013 horse meat scandal 2088:The Subservient Chicken 435:New York Stock Exchange 294:Capital World Investors 2670:First Quantum Minerals 2650:Constellation Software 2580:Brookfield Corporation 1441:Bloomberg Businessweek 856:"2021 Proxy Statement" 817:History of Burger King 439:Toronto Stock Exchange 404:McDonald's Corporation 100:December 15, 2014 2825:Toronto-Dominion Bank 2765:Rogers Communications 2217:Burger King (Alberta) 2170:Fast food advertising 1739:Fast food advertising 1687:Burger King (Alberta) 396:fast food restaurants 390:. The company is the 299:Pershing Square Funds 102:; 9 years ago 2770:Royal Bank of Canada 2527:companies of Canada 2227:Simonds Farsons Cisk 2134:New Zealand Breakers 2003:Breakfast sandwiches 1962:Specialty Sandwiches 1802:Advertising programs 1697:Simonds Farsons Cisk 1236:on December 16, 2014 946:. September 4, 2019. 512:Minister of Industry 33:Logo used since 2019 2785:Shaw Communications 2720:Magna International 2222:Carrols Corporation 2197:Beurger King Muslim 2129:Burger King Classic 2050:Burger King Kingdom 1692:Carrols Corporation 1667:Beurger King Muslim 1473:on February 9, 2019 1422:www.macrotrends.net 1398:on December 1, 2022 1262:. February 15, 2024 1124:Wall Street Journal 398:in the world after 307:Number of employees 136:Number of locations 23: 2795:Sun Life Financial 2710:Kirkland Lake Gold 2299:Berkshire Hathaway 2274:Grand Metropolitan 2207:Burger King Israel 1993:Impossible Whopper 1972:BK Chicken Nuggets 1677:Burger King Israel 1608:Berkshire Hathaway 1312:www.prnewswire.com 1072:The Globe and Mail 1046:The New York Times 963:The Globe and Mail 835:company owned only 800:Berkshire Hathaway 793:Berkshire Hathaway 508:Competition Bureau 492:corporate tax rate 488:corporate tax rate 173:executive chairman 21: 2843: 2842: 2830:Waste Connections 2755:Power Corporation 2610:Canadian National 2530: 2491: 2490: 2457:Tim Hortons Field 2441:Tim Hortons Brier 2367: 2366: 2178: 2177: 2113:"Whopper Whopper" 2108:Whopper Sacrifice 2026: 2025: 2018:Storm (ice cream) 1998:BK Dinner Baskets 1858:Norman E. Brinker 1747: 1746: 1098:Los Angeles Times 784: 783: 544:Corporate affairs 420:Oakville, Ontario 361: 360: 258:US$ 23.39 billion 2976: 2896: 2895: 2884: 2883: 2872: 2871: 2870: 2860: 2859: 2858: 2851: 2750:Pembina Pipeline 2715:Loblaw Companies 2620:Canadian Pacific 2560:Bank of Montreal 2528: 2518: 2511: 2504: 2495: 2494: 2394: 2387: 2380: 2371: 2370: 2357: 2356: 2158:Related subjects 2093:The Whopperettes 2068:PocketBike Racer 2035: 2034: 1967:BK Chicken Fries 1901: 1900: 1843:James B. Adamson 1774: 1767: 1760: 1751: 1750: 1727:Related subjects 1585: 1578: 1571: 1562: 1561: 1525: 1524: 1522:Official website 1508: 1507: 1505: 1503: 1489: 1483: 1482: 1480: 1478: 1469:. Archived from 1458: 1452: 1451: 1449: 1447: 1432: 1426: 1425: 1414: 1408: 1407: 1405: 1403: 1388: 1382: 1381: 1379: 1377: 1362: 1356: 1355: 1348: 1342: 1341: 1339: 1337: 1322: 1316: 1315: 1304: 1298: 1297: 1295: 1293: 1278: 1272: 1271: 1269: 1267: 1252: 1246: 1245: 1243: 1241: 1230:Edmonton Journal 1222: 1216: 1215: 1213: 1211: 1196: 1190: 1189: 1187: 1185: 1170: 1164: 1163: 1161: 1159: 1144: 1135: 1134: 1132: 1130: 1115: 1109: 1108: 1106: 1104: 1089: 1083: 1082: 1080: 1078: 1063: 1057: 1056: 1054: 1052: 1037: 1028: 1027: 1025: 1023: 1008: 999: 998: 996: 994: 983: 974: 973: 971: 969: 954: 948: 947: 936: 927: 926: 924: 922: 905: 899: 898: 896: 888: 882: 877: 871: 870: 868: 866: 860: 852: 836: 833: 798:In August 2020, 556: 555: 349: 346: 279: 278:US$ 4.73 billion 276: 275: 269: 259: 256: 255: 249: 239: 238:US$ 1.72 billion 236: 235: 219: 218:US$ 2.05 billion 216: 215: 207:Operating income 199: 193: 192: 169:J. Patrick Doyle 147: 145: 110: 108: 103: 31: 24: 20: 2984: 2983: 2979: 2978: 2977: 2975: 2974: 2973: 2904: 2903: 2902: 2890: 2878: 2868: 2866: 2856: 2854: 2846: 2844: 2839: 2820:Thomson Reuters 2531: 2529:(June 22, 2020) 2522: 2492: 2487: 2461: 2445: 2424: 2403: 2398: 2368: 2363: 2345: 2314: 2308: 2257: 2184: 2174: 2153: 2117: 2083:The Burger King 2022: 2008:Fish sandwiches 1981: 1945: 1911:Premium burgers 1892: 1888:Donald N. Smith 1868:John W. 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34: 17: 12: 11: 5: 2982: 2972: 2971: 2969:Tax inversions 2966: 2961: 2956: 2951: 2946: 2941: 2936: 2931: 2926: 2921: 2916: 2914:S&P/TSX 60 2901: 2900: 2888: 2876: 2864: 2841: 2840: 2838: 2837: 2832: 2827: 2822: 2817: 2812: 2807: 2802: 2797: 2792: 2787: 2782: 2777: 2772: 2767: 2762: 2757: 2752: 2747: 2742: 2737: 2732: 2727: 2722: 2717: 2712: 2707: 2702: 2697: 2692: 2687: 2682: 2677: 2672: 2667: 2662: 2657: 2652: 2647: 2642: 2640:Cenovus Energy 2637: 2635:CCL Industries 2632: 2627: 2622: 2617: 2612: 2607: 2602: 2597: 2592: 2587: 2582: 2577: 2572: 2567: 2562: 2557: 2552: 2547: 2542: 2536: 2533: 2532: 2525:S&P/TSX 60 2521: 2520: 2513: 2506: 2498: 2489: 2488: 2486: 2485: 2480: 2475: 2469: 2467: 2463: 2462: 2460: 2459: 2453: 2451: 2447: 2446: 2444: 2443: 2438: 2436:Centennial Cup 2432: 2430: 2426: 2425: 2423: 2422: 2417: 2411: 2409: 2405: 2404: 2397: 2396: 2389: 2382: 2374: 2365: 2364: 2362: 2361: 2350: 2347: 2346: 2344: 2343: 2338: 2333: 2326: 2318: 2316: 2310: 2309: 2307: 2306: 2301: 2296: 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1715: 1710: 1704: 1699: 1694: 1689: 1684: 1679: 1674: 1672:BK Whopper Bar 1669: 1664: 1659: 1653: 1651: 1650:related topics 1648:Franchises and 1645: 1644: 1642: 1641: 1636: 1631: 1629:Firehouse Subs 1626: 1620: 1618: 1614: 1613: 1611: 1610: 1605: 1599: 1596: 1595: 1588: 1587: 1580: 1573: 1565: 1559: 1558: 1556: 1555: 1550: 1545: 1540: 1535: 1529: 1526: 1515: 1514:External links 1512: 1510: 1509: 1484: 1453: 1427: 1409: 1383: 1357: 1343: 1317: 1299: 1273: 1247: 1217: 1205:Financial Post 1191: 1165: 1153:Financial Post 1136: 1110: 1084: 1058: 1029: 1000: 975: 949: 928: 900: 883: 872: 846: 844: 841: 838: 837: 827: 826: 824: 821: 820: 819: 814: 807: 804: 788: 785: 782: 781: 779: 776: 773: 770: 767: 763: 762: 760: 757: 754: 751: 748: 744: 743: 740: 737: 734: 731: 728: 724: 723: 720: 717: 714: 711: 708: 704: 703: 700: 697: 694: 691: 688: 684: 683: 680: 677: 674: 671: 668: 664: 663: 660: 657: 654: 651: 648: 644: 643: 640: 637: 634: 631: 628: 624: 623: 620: 617: 614: 611: 608: 604: 603: 600: 597: 594: 591: 588: 584: 583: 578: 575: 570: 565: 560: 550: 547: 545: 542: 538:Firehouse Subs 526: 523: 449: 446: 359: 358: 351: 350: 341: 337: 336: 334:Firehouse Subs 319: 313: 312: 309: 306: 303: 302: 286: 282: 281: 270: 262: 261: 250: 242: 241: 230: 225: 222: 221: 210: 205: 202: 201: 187: 183: 182: 177:Joshua Kobza ( 166: 163: 160: 159: 156: 153: 150: 149: 138: 135: 132: 131: 128: 118: 116: 112: 111: 98: 94: 93: 88: 84: 83: 81: 80: 75: 66: 56: 54: 49: 46: 45: 40: 36: 35: 32: 15: 9: 6: 4: 3: 2: 2981: 2970: 2967: 2965: 2962: 2960: 2957: 2955: 2952: 2950: 2947: 2945: 2942: 2940: 2937: 2935: 2932: 2930: 2927: 2925: 2922: 2920: 2917: 2915: 2912: 2911: 2909: 2899: 2894: 2889: 2887: 2882: 2877: 2875: 2865: 2863: 2853: 2852: 2849: 2836: 2833: 2831: 2828: 2826: 2823: 2821: 2818: 2816: 2813: 2811: 2808: 2806: 2803: 2801: 2800:Suncor Energy 2798: 2796: 2793: 2791: 2788: 2786: 2783: 2781: 2778: 2776: 2773: 2771: 2768: 2766: 2763: 2761: 2758: 2756: 2753: 2751: 2748: 2746: 2743: 2741: 2738: 2736: 2733: 2731: 2728: 2726: 2723: 2721: 2718: 2716: 2713: 2711: 2708: 2706: 2703: 2701: 2698: 2696: 2693: 2691: 2690:George Weston 2688: 2686: 2685:Franco-Nevada 2683: 2681: 2678: 2676: 2673: 2671: 2668: 2666: 2663: 2661: 2658: 2656: 2653: 2651: 2648: 2646: 2643: 2641: 2638: 2636: 2633: 2631: 2630:Canopy Growth 2628: 2626: 2625:Canadian Tire 2623: 2621: 2618: 2616: 2613: 2611: 2608: 2606: 2603: 2601: 2598: 2596: 2593: 2591: 2588: 2586: 2583: 2581: 2578: 2576: 2573: 2571: 2570:Bausch Health 2568: 2566: 2563: 2561: 2558: 2556: 2553: 2551: 2548: 2546: 2543: 2541: 2538: 2537: 2534: 2526: 2519: 2514: 2512: 2507: 2505: 2500: 2499: 2496: 2484: 2481: 2479: 2476: 2474: 2471: 2470: 2468: 2464: 2458: 2455: 2454: 2452: 2448: 2442: 2439: 2437: 2434: 2433: 2431: 2427: 2421: 2418: 2416: 2413: 2412: 2410: 2406: 2402: 2395: 2390: 2388: 2383: 2381: 2376: 2375: 2372: 2360: 2352: 2351: 2348: 2342: 2339: 2337: 2334: 2332: 2331: 2327: 2325: 2324: 2320: 2319: 2317: 2311: 2305: 2302: 2300: 2297: 2295: 2292: 2290: 2287: 2285: 2282: 2280: 2277: 2275: 2272: 2270: 2267: 2266: 2264: 2260: 2254: 2251: 2249: 2246: 2244: 2241: 2238: 2237:Hungry Jack's 2235: 2233: 2230: 2228: 2225: 2223: 2220: 2218: 2215: 2213: 2210: 2208: 2205: 2203: 2200: 2198: 2195: 2193: 2190: 2189: 2187: 2181: 2171: 2168: 2166: 2163: 2162: 2160: 2156: 2149: 2145: 2142: 2139: 2135: 2132: 2130: 2127: 2126: 2124: 2120: 2114: 2111: 2109: 2106: 2104: 2103:Where's Herb? 2101: 2099: 2096: 2094: 2091: 2089: 2086: 2084: 2081: 2077: 2076: 2072: 2070: 2069: 2065: 2063: 2062: 2058: 2057: 2056: 2053: 2051: 2048: 2046: 2043: 2042: 2040: 2036: 2033: 2029: 2019: 2016: 2014: 2011: 2009: 2006: 2004: 2001: 1999: 1996: 1994: 1991: 1990: 1988: 1984: 1978: 1975: 1973: 1970: 1968: 1965: 1963: 1960: 1958: 1955: 1954: 1952: 1948: 1942: 1939: 1937: 1934: 1932: 1929: 1927: 1924: 1922: 1919: 1917: 1914: 1912: 1909: 1908: 1906: 1902: 1899: 1895: 1889: 1886: 1884: 1881: 1879: 1876: 1874: 1871: 1869: 1866: 1864: 1863:Jeff Campbell 1861: 1859: 1856: 1854: 1851: 1849: 1846: 1844: 1841: 1840: 1838: 1834: 1828: 1825: 1823: 1820: 1818: 1815: 1813: 1810: 1808: 1805: 1803: 1800: 1798: 1795: 1793: 1790: 1789: 1786: 1782: 1775: 1770: 1768: 1763: 1761: 1756: 1755: 1752: 1740: 1737: 1735: 1732: 1731: 1729: 1725: 1719: 1716: 1714: 1711: 1708: 1707:Hungry Jack's 1705: 1703: 1700: 1698: 1695: 1693: 1690: 1688: 1685: 1683: 1680: 1678: 1675: 1673: 1670: 1668: 1665: 1663: 1660: 1658: 1655: 1654: 1652: 1646: 1640: 1637: 1635: 1632: 1630: 1627: 1625: 1622: 1621: 1619: 1615: 1609: 1606: 1604: 1601: 1600: 1597: 1593: 1586: 1581: 1579: 1574: 1572: 1567: 1566: 1563: 1554: 1551: 1549: 1546: 1544: 1541: 1539: 1536: 1534: 1531: 1530: 1527: 1523: 1518: 1517: 1498: 1494: 1488: 1472: 1468: 1464: 1457: 1442: 1438: 1431: 1423: 1419: 1413: 1397: 1393: 1387: 1371: 1367: 1361: 1353: 1347: 1332: 1328: 1321: 1313: 1309: 1303: 1288: 1284: 1277: 1261: 1257: 1251: 1235: 1231: 1227: 1221: 1206: 1202: 1195: 1180: 1176: 1169: 1154: 1150: 1143: 1141: 1125: 1121: 1114: 1099: 1095: 1088: 1073: 1069: 1062: 1047: 1043: 1036: 1034: 1018: 1014: 1007: 1005: 989: 982: 980: 964: 960: 953: 945: 941: 935: 933: 917: 916: 911: 904: 893: 887: 881: 876: 857: 851: 847: 832: 828: 818: 815: 813: 810: 809: 803: 801: 796: 794: 780: 777: 774: 771: 768: 765: 764: 761: 758: 755: 752: 749: 746: 745: 741: 738: 735: 732: 729: 726: 725: 721: 718: 715: 712: 709: 706: 705: 701: 698: 695: 692: 689: 686: 685: 681: 678: 675: 672: 669: 666: 665: 661: 658: 655: 652: 649: 646: 645: 641: 638: 635: 632: 629: 626: 625: 621: 618: 615: 612: 609: 606: 605: 601: 598: 595: 592: 589: 586: 585: 579: 576: 571: 566: 561: 558: 557: 554: 541: 539: 534: 532: 522: 519: 516: 513: 509: 504: 502: 497: 493: 489: 485: 482:with a lower 481: 476: 474: 469: 467: 463: 462:tax inversion 459: 455: 445: 442: 440: 436: 432: 427: 425: 421: 417: 413: 409: 405: 401: 397: 393: 392:fifth-largest 389: 385: 381: 377: 373: 372:multinational 369: 365: 356: 352: 348: 342: 338: 335: 331: 327: 323: 320: 318: 314: 310: 304: 300: 295: 290: 287: 283: 271: 268: 263: 251: 248: 243: 231: 228: 223: 211: 208: 203: 197: 188: 184: 180: 174: 170: 167: 161: 157: 151: 139: 133: 125: 121: 117: 113: 99: 95: 92: 89: 85: 79: 76: 74: 70: 67: 65: 61: 58: 57: 55: 52: 47: 44: 41: 37: 30: 25: 19: 2759: 2705:Kinross Gold 2700:Imperial Oil 2675:FirstService 2565:Barrick Gold 2555:AtkinsRĂ©alis 2540:Agnico Eagle 2482: 2473:Always Fresh 2328: 2321: 2313:Legal issues 2303: 2289:Bain Capital 2243:Olayan Group 2122:Sponsorships 2073: 2066: 2059: 1827:Product list 1817:Legal issues 1713:Olayan Group 1591: 1500:. Retrieved 1496: 1487: 1475:. Retrieved 1471:the original 1466: 1456: 1446:December 15, 1444:. Retrieved 1440: 1430: 1421: 1412: 1400:. Retrieved 1396:the original 1386: 1374:. Retrieved 1369: 1360: 1346: 1336:November 16, 1334:. Retrieved 1330: 1320: 1311: 1302: 1292:February 22, 1290:. Retrieved 1276: 1266:February 16, 1264:. Retrieved 1259: 1250: 1240:December 13, 1238:. Retrieved 1234:the original 1229: 1220: 1210:December 10, 1208:. Retrieved 1204: 1194: 1184:December 10, 1182:. Retrieved 1178: 1168: 1158:December 10, 1156:. Retrieved 1152: 1127:. Retrieved 1123: 1113: 1101:. Retrieved 1097: 1087: 1075:. Retrieved 1071: 1061: 1049:. Retrieved 1045: 1020:. Retrieved 1016: 991:. Retrieved 966:. Retrieved 962: 952: 943: 919:. Retrieved 915:Toronto Star 913: 903: 886: 875: 863:. Retrieved 850: 831: 797: 790: 582:restaurants 572:Total assets 552: 535: 528: 525:Acquisitions 520: 505: 501:Alex Behring 477: 470: 451: 443: 428: 418:(previously 394:operator of 367: 363: 362: 354: 317:Subsidiaries 280: (2023) 267:Total equity 260: (2023) 247:Total assets 240: (2023) 220: (2023) 200: (2023) 198:7.02 billion 115:Headquarters 39:Company type 18: 2401:Tim Hortons 2284:TPG Capital 2239:(Australia) 2165:Burger wars 2061:Big Bumpin' 2031:Advertising 1977:TenderCrisp 1797:Advertising 1781:Burger King 1734:Burger Wars 1709:(Australia) 1634:Tim Hortons 1624:Burger King 1548:SEC filings 1372:(in German) 515:James Moore 458:Tim Hortons 454:Burger King 412:Yum! Brands 384:Tim Hortons 380:Burger King 326:Tim Hortons 322:Burger King 154:Area served 91:Foodservice 2908:Categories 2780:Scotiabank 2450:Facilities 2415:Tim Horton 2294:3G Capital 2075:Sneak King 2055:King Games 2045:BK Tee Vee 1941:Whopperito 1921:BK Stacker 1873:Jack Cowin 1807:Franchises 1603:3G Capital 1502:October 4, 1129:August 26, 1103:August 26, 1077:August 26, 1051:August 26, 1022:August 26, 993:August 25, 968:August 25, 843:References 580:Systemwide 577:Employees 574:(US$ bn) 567:Net income 564:(US$ bn) 496:sheltering 466:3G Capital 431:3G Capital 374:fast food 289:3G Capital 227:Net income 164:Key people 144:2021-12-31 107:2014-12-15 2874:Companies 2805:TC Energy 2655:Dollarama 2420:Ron Joyce 2315:and cases 2269:Pillsbury 2262:Ownership 2038:Campaigns 1848:Brad Blum 1533:Bloomberg 1477:March 20, 1402:August 2, 1376:August 2, 1370:boerse.de 921:April 17, 865:April 22, 569:(US$ m) 408:Starbucks 158:Worldwide 51:Traded as 2745:OpenText 2725:Manulife 2665:Enbridge 2359:Category 1931:Big King 1897:Products 1822:Products 1287:CBC News 1179:CBC News 1017:CBC News 806:See also 484:tax rate 437:and the 87:Industry 2848:Portals 2790:Shopify 2740:Nutrien 2478:Dutchie 2466:Related 1950:Chicken 1936:Whopper 1916:Sliders 1792:History 1639:Popeyes 1543:Reuters 1467:Reuters 944:Reuters 742:29,456 722:27,025 702:27,086 682:25,744 662:24,407 642:20,351 622:19,416 602:19,043 562:Revenue 480:country 448:History 416:Toronto 388:Popeyes 340:Website 330:Popeyes 291:(30.8%) 186:Revenue 142: ( 124:Ontario 120:Toronto 105: ( 97:Founded 71::  62::  2898:Coffee 2862:Canada 2775:Saputo 2695:Gildan 2680:Fortis 2595:Cameco 2429:Events 2408:People 2279:Diageo 2192:AmRest 2144:Sauber 1926:BK XXL 1836:People 1657:AmRest 1617:Brands 1553:Yahoo! 1538:Google 1497:NASDAQ 778:9,000 772:1,190 759:6,400 753:1,008 739:5,700 719:5,200 699:6,300 679:6,000 659:6,200 639:4,300 619:4,300 599:4,600 400:Subway 301:(6.3%) 296:(7.9%) 285:Owners 129:Canada 43:Public 2815:Telus 2730:Metro 2660:Emera 2253:Wimpy 2248:Quick 2098:Ugoff 1986:Other 1718:Wimpy 895:(PDF) 859:(PDF) 823:Notes 775:23.3 766:2023 756:22.7 747:2022 736:23.2 727:2021 716:22.7 707:2020 696:22.3 687:2019 676:20.1 667:2018 656:21.2 647:2017 636:19.1 627:2016 616:18.4 607:2015 596:21.3 593:–277 587:2014 559:Year 424:Miami 311:6,300 2886:Food 2810:Teck 1904:Beef 1504:2020 1479:2019 1448:2014 1404:2024 1378:2024 1338:2021 1331:CNBC 1294:2017 1268:2024 1242:2014 1212:2014 1186:2014 1160:2014 1131:2014 1105:2014 1079:2014 1053:2014 1024:2014 995:2014 970:2014 923:2018 867:2021 769:7.0 750:6.5 733:838 730:5.7 713:486 710:4.9 693:643 690:5.6 673:612 670:5.3 653:626 650:4.5 633:616 630:4.1 613:375 610:4.0 590:1.1 410:and 347:.com 196:US$ 69:NYSE 2645:CGI 2575:BCE 2138:NBL 473:CDN 368:RBI 345:rbi 179:CEO 73:QSR 64:QSR 60:TSX 2910:: 2148:F1 1495:. 1465:. 1439:. 1420:. 1368:. 1329:. 1310:. 1285:. 1258:. 1228:. 1203:. 1177:. 1151:. 1139:^ 1122:. 1096:. 1070:. 1044:. 1032:^ 1015:. 1003:^ 978:^ 961:. 942:. 931:^ 912:. 441:. 406:, 402:, 127:, 122:, 2850:: 2517:e 2510:t 2503:v 2393:e 2386:t 2379:v 2150:) 2146:( 2140:) 2136:( 1773:e 1766:t 1759:v 1584:e 1577:t 1570:v 1506:. 1481:. 1450:. 1424:. 1406:. 1380:. 1340:. 1314:. 1296:. 1270:. 1244:. 1214:. 1188:. 1162:. 1133:. 1107:. 1081:. 1055:. 1026:. 997:. 972:. 925:. 897:. 869:. 366:( 181:) 175:) 171:( 148:) 146:) 109:)

Index


Public
Traded as
TSX
QSR
NYSE
QSR
S&P/TSX 60 component
Foodservice
Toronto
Ontario
J. Patrick Doyle
executive chairman
CEO
US$
Operating income
Net income
Total assets
Total equity
3G Capital
Capital World Investors
Pershing Square Funds
Subsidiaries
Burger King
Tim Hortons
Popeyes
Firehouse Subs
rbi.com
multinational
holding company

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