Restaurant Brands plans C$700 million Tim Hortons makeover

Por um escritor misterioso

Last updated 08 novembro 2024

Restaurant Brands plans C$700 million Tim Hortons makeover

Burger King owner Restaurant Brands International Inc and its franchisees will spend C$700 million ($546 million) over four years to revamp coffee chain Tim Hortons, following a round of bad publicity over its management of the Canadian chain. The revamp, unveiled by managers on a conference call with analysts on Tuesday, followed first-quarter results which suggested initiatives including cheaper meals and new breakfast options were bearing fruit at Burger King outlets. Politicians have criticized Hortons for its reaction to minimum wage increases in Ontario, while a group of franchisees has alleged Restaurant Brands is not keeping to the terms of a 2014 deal to buy the chain.