Restaurant Brands International Inc.
Restaurant Brands International Inc. owns quick-service brands Burger King, Popeye’s Louisiana Kitchen and Tim Hortons.
Toronto-based RBI was formed in 2014 with the $12.5 billion merger of Miami-based Burger King Worldwide Inc., then owned by 3G Restaurant Brands Holdings LP, an affiliate of the Brazilian investment company 3G Capital, and Canada-based Tim Hortons Inc. The deal kept Burger King’s functional headquarters in Miami.
The company in 2019 had about $32 billion in annual systemwide sales and 27,000 restaurants in more than 100 countries and U.S. territories.
RBI in 2017 bought the 2,600-unit quick-service brand Popeyes Louisiana Kitchen, in a deal valued at $1.8 billion. Popeyes, founded in 1972 in New Orleans, La., was publicly traded before the deal. The company thrived during the COVID-19 restrictions on the strength of its drive-thru offerings and a spicy chicken sandwich introduction the year before that remained popular during the pandemic.
Burger King, founded in 1954, is known for its Whopper sandwich. It operates more than 17,800 locations in more than 100 countries and U.S. territories.
Tim Hortons, founded in 1964 in Canada, has more than 4,800 locations systemwide.
RBI is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange. José Cil was appointed CEO of Restaurant Brands International in January 2019.
Key Data: Restaurant Brands International
Headquarters: Toronto, Ontario, Canada
Segment: Quick Service
Restaurant Segment: LSR Burger, LSR Chicken and LSR Coffee/Bakery
Number of Locations: 10,262
2020 Sales: Burger King, $9.657 billion; Popeye’s Louisiana Kitchen, $4.581 billion; and Tim Hortons, $639.2 million
Source: Datassential Firefly 500
CEO: José Cil