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Showing posts with label Burger king. Show all posts
Showing posts with label Burger king. Show all posts

April 20, 2015

burger king and tim horton deal creates the worlds 3rd largest fast food company

Infographic: Tim Hortons Makes Almost Three Times As Much Money As Burger King | Statista

The $12billion deal between Burger King and Tim Horton completed last year will become the third-largest fast-food chain  across the globe and will will operate some 18,000 locations with plans to open many more.The result of this transaction is this new global company, with sales of more than $23 billion annually, which will now be based in Canada
The Canadian basedTim Horton made $3.26 billion in revenue in 2013, almost 3 times that of Burger King. It managed that with just under 5,000 units worldwide, compared to Burger King’s 13,600.Industry watchers expect “Burger King’s owners, Brazil-based 3G Capital, to implement deep cost cuts among other efforts to squeeze bigger profits out of the chain.