Who Owns Burger King And Tim Hortons
Burger King and Tim Hortons are two of the most popular fast-food chains in the world. While they both have different menus and target markets, they share one thing in common - ownership. Both chains are owned by a parent company called Restaurant Brands International (RBI).
What is Restaurant Brands International?
Restaurant Brands International (RBI) is a Canadian-based multinational fast-food holding company. It was formed in 2014 by the merger of two iconic brands - Burger King and Tim Hortons. RBI is headquartered in Oakville, Ontario, Canada, and has a global presence with over 27,000 restaurants in more than 100 countries.
Burger King
Burger King is an American fast-food chain that was founded in 1953 by James McLamore and David Edgerton. The chain is famous for its flame-grilled burgers, crispy chicken sandwiches, and delicious fries. Burger King has over 18,000 restaurants in more than 100 countries, making it one of the largest fast-food chains in the world.
Tim Hortons
Tim Hortons is a Canadian fast-food chain that was founded in 1964 by Tim Horton and Ron Joyce. The chain is famous for its coffee, doughnuts, and breakfast items. Tim Hortons has over 4,000 restaurants in Canada, the United States, and around the world.
Ownership Changes
Burger King and Tim Hortons were both separate companies until 2014 when they merged to form Restaurant Brands International. The merger was backed by 3G Capital, a Brazilian private equity firm that also owns Heinz and Kraft Foods.
In 2017, Restaurant Brands International acquired Popeyes Louisiana Kitchen, another fast-food chain, further expanding its portfolio of brands.
Current Leadership
The current CEO of Restaurant Brands International is Jose Cil, who took over the position in 2019. He succeeded Daniel Schwartz, who had been the CEO since 2013. Other key executives at RBI include Josh Kobza, the Chief Operating Officer, and Matt Dunnigan, the Chief Financial Officer.
Conclusion
Restaurant Brands International is the parent company of two of the biggest fast-food chains in the world - Burger King and Tim Hortons. The company has a global presence and is constantly expanding its portfolio of brands. With a talented leadership team and a commitment to innovation and growth, RBI is poised to continue its success for years to come.
