Reuters — Restaurant Brands International, owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for US$1.8 billion in cash. The deal is a bet by Oakville, Ont.-based Restaurant Brands that it can use its international reach to introduce Popeyes’ Louisiana-style fried chicken and buttermilk biscuits […] Read more
Tim Hortons owner confirms US$1.8B deal for Popeyes
Tim Hortons owner reported near deal to buy Popeyes
Reuters — Restaurant Brands International, owner of the Burger King and Tim Hortons fast food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen, people familiar with the matter said Monday. The deal, which will likely value Popeyes at more than US$1.7 billion, is a bet by Oakville, Ont.-based Restaurant Brands that it can […] Read more
Tim Hortons to enter Mexican market
Reuters — Restaurant Brands International said it would launch its coffee and doughnut chain, Tim Hortons, in Mexico as a part of its expansion plans. The company said it would form a master franchise joint venture with a group of investors, whom they did not name, to launch the brand. The joint venture company will […] Read more
Tim’s, Burger King to cut some antibiotics from chicken supply
The parent of fast-food chains Tim Hortons and Burger King plans to end the use of certain medically important antibiotics in its Canadian chicken supply chain in 2018. Restaurant Brands International (RBI) in late December announced the new policy on its website, saying it “will work with our supply chain partners to support and implement […] Read more
Slowing sales at Burger King push parent’s shares down
Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the U.S. and Canada. The company’s U.S.-listed shares, which had risen about 26 per cent this year up to Friday’s close, fell as much as three per cent despite […] Read more
Canadian firm to buy Taco Time, Cold Stone parent
A Montreal company known for mall food court and quick-service restaurant brands across Canada is set to buy a major U.S. player in the same sectors. MTY Food Group, which owns or holds franchises for 40 brands including Mr. Sub, Cultures, La Cremiere, Extreme Pita, Country Style, Yogen Fruz, TCBY and others, announced Wednesday it […] Read more
Investor group launches campaign to curb antibiotic use in food
Reuters — Fifty-four large investors managing one trillion pounds (C$1.84 trillion) in assets have launched a campaign to curb the use of antibiotics in the meat and poultry used by 10 large U.S. and British restaurant groups. McDonalds and JD Wetherspoon were among those to receive a March 15 letter from institutions including Aviva Investors […] Read more
Burger King, Tim’s owner says 2016 off to ‘great start’
Reuters — Restaurant Brands International said it was off to a “great start” this year, after new product launches at its Burger King and Tim Hortons chains in 2015 helped boost sales in a highly competitive market. Shares of the Ontario-based company, which reported a better-than-expected quarterly profit on Tuesday, rose as much as nine […] Read more
Egg farmers to phase out cage housing over 20 years
Winnipeg | Reuters — Canada’s egg farmers plan to replace conventional hen cages with more humane conditions over the next 20 years, amid growing pressure from consumers, restaurants and food companies. The plan — announced Friday by Egg Farmers of Canada, an industry group that manages nearly all of the country’s egg supply — comes […] Read more
Tim Hortons, Burger King to move toward cage-free eggs
The owner of Canadian coffee-and-donut giant Tim Hortons and North America’s No. 2 burger chain, Burger King, has reset its goal to take the chains’ egg supplies “cage-free.” Restaurant Brands International, the parent firm for the two chains since their merger in late 2014, announced Monday it will move to 100 per cent cage-free eggs for […] Read more
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