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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 purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively.
With the sale of Burger King to 3G Capital of Brazil in 2010, Burger King made the decision to sell off almost all corporate owned stores to its franchises by the end of 2013. [ 19 ] [ 20 ] One major move towards this goal was the sale of over 275 stores to corporate franchise group Carrols Corporation of New York and nearly 100 stores to the ...
Burger King Holdings was the parent company of Burger King when it went public in 2002. [67] Burger King derived its income from several sources, including property rental and sales through company owned restaurants; [ 67 ] however, a substantial portion of its revenue was dependent on franchise fees. [ 67 ]
Burger King was expanding, but as McDonald's went public in 1965, organic growth became difficult in keeping up. The pair sold the 274 store business to Pillsbury in 1967 in an attempt to grow under the brand. McLamore served as Burger King's CEO until 1972, when he stepped down as Pillsbury was taking the business in a different direction.
In its EMEA group, Burger King's Switzerland-based subsidiary Burger King Europe GmbH is responsible for the licensing and development of BK franchises in those regions. [8] In the APAC region, the Singapore-based BK AsiaPac, Pte. Ltd. business unit handles franchising for East Asia, the Asian subcontinent and all Oceanic territories.
The best and worst U.S. states for finding a good job in 2024. Ample job opportunities, low unemployment and reasonable commute times make this the top U.S. state for job seekers, analysis finds.
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