To all- please ping me to Canadian topics.
Canada Ping!
Posted on 08/24/2014 7:27:28 PM PDT by Squawk 8888
Tim Hortons coffee could soon be the property of Burger King Worldwide, with the two companies confirming late Sunday night that they are in discussions for the U.S. burger chain to buy Canada’s iconic coffee and donut chain. The big draw for Burger King, according to a report from the Wall Street Journal, is the potential for tax inversion — effectively relocating the company’s home base to Canada to take advantage of the country’s comparatively lower tax base.
The two companies issued a statement confirming they are in discussions “regarding the potential creation of a global leader in the quick service restaurant business. The new publicly-listed company would be headquartered in Canada, the largest market of the combined company.”
Combined, the two companies have a US$18-billion market cap and their merger would create the third-largest quick-service restaurant provider in the world.
While the brands would continue to operate individually, the companies’ statement said, 3G Capital, the Brazilian private equity firm that controls Burger King, “will continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.”
Tim Hortons is based in Oakville, Ont. and Burger King is based in Florida. Together they account for US$22-billion in sales and over 18,000 restaurants in 100 countries worldwide.
(Excerpt) Read more at nationalpost.com ...
To all- please ping me to Canadian topics.
Canada Ping!
I feel bad for Tim Hortons...
Is Tim Hortons better than Krispy Kreme??
NOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!
(That is all. I only get to visit Tim’s about once or twice a year when I’m up north, but the thought of it being polluted by BK is horrifying.)
Nooooooooo!
Shouldn’t it be the other way around>
IMO it sure is. Krispy Kreme donuts are wonderful when they’re warm but when they cool down they taste like congealed grease.
Burger King used to be higher quality 20 years ago. Recently I went to a Burger king and ordered a Burger. Tasted like cardboard. I kid you not. Dry. Stale.
when they cool down they taste like congealed grease.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Now there’s a mind-bender!
My last BK lunch was in Toronto’s Chinatown about two years ago, still pretty good. Their only location I avoid here is Yonge Street but that’s because of the gangsta clientele, not the food.
I think KK uses a lot more shortening in their recipe than you get anywhere else, so they taste great when still hot but funny later on.
Anything but Starbucks.
LOL when Starbucks first came here it was the beans-burnt-to-a-crisp flavour and they got nowhere. They changed it to taste like Timmy’s so they do OK now, but of course the yuppies pay 50% more for the same product.
But then again we drank a lot of Labatt's before that hockey game.
Krispy Kreme glazed dough nuts are so good hot and fresh. I got pulled over once and the cop asked "Do you know why I stopped you?" my response was "You know I've got hot Krispy Kremes, do you want one. Got off for one dough nut.". : )
Still I'd like to see them here in the Estado Unitas.
Timmies has some US locations but they never gained much traction- different consumer tastes I suppose, just as US companies that do well here all adopt Canadian practices. Tim Horton’s seems to do best near the border and in places where Canadians tend to visit; all the US Tim’s outlets I’ve seen were in New York State.
Duly stolen for reposting on Twitter :D
Tim Horton is gay?
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