Restaurant Brands International
Canadian multinational fast food holding corporation / From Wikipedia, the free encyclopedia
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Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company. It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the 2017 purchase of American fast-food chain Popeyes. The company is the fifth-largest operator of fast food restaurants in the world behind Subway, McDonald's Corporation, Starbucks and Yum! Brands. They are based alongside Tim Hortons in Toronto (previously Oakville, Ontario).[4] For tax purposes, Burger King and Popeyes retain their existing operations and headquarters, both in Miami. The 2014 merger focused primarily on expanding the international reach of the Tim Hortons brand and providing financial efficiencies for both companies.
Company type | Public |
---|---|
Industry | Foodservice |
Founded | December 15, 2014; 9 years ago (2014-12-15) |
Headquarters | , |
Number of locations | 29,456 (December 31, 2021) |
Area served | Worldwide |
Key people | J. Patrick Doyle (Executive Chairman) Joshua Kobza (CEO) |
Revenue | US$5.73 billion (2021) |
US$2.248 billion (2021) | |
US$1.25 billion (2021) | |
Total assets | US$23.246 billion (2021) |
Total equity | US$3.853 billion (2021) |
Owners | 3G Capital (30.8%) Capital World Investors (7.9%) Pershing Square Funds (6.3%) |
Number of employees | 6,300 |
Subsidiaries | Burger King Tim Hortons Popeyes Firehouse Subs |
Website | rbi |
Footnotes / references [1][2][3] |
3G Restaurant Brands Holdings LP, an affiliate of the Brazilian investment company 3G Capital, owns a 32% stake in Restaurant Brands International.[5] The company is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange.
In March 2023, Joshua Kobza was named the CEO of Restaurant Brands International, replacing Jose Cil, who had held the role since 2019.