Buy Canadian

1660 readers

655 users here now

A community dedicated to buying Canadian products.

Une communauté dédiée à l'achat de produits Canadiens.

Rules:

1. Posts must be related to buying Canadian-made goods and / or using Canadian-owned services

2. Absolutely no bigotry will be tolerated. This includes, but is not limited to, racism, sexism, homophobia, transphobia, etc.

3. AI Content Policy

Not allowed: AI-generated images or articles

Tolerated: AI-generated post summaries

4. Only content in French and English is permitted

5. Declare all self-promotion

Users are encouraged to report any content that violates our community guidelines

Règlements :

1. Les poteaux doivent être en lien avec l'achat de produits et / ou de services opérés par des canadiens

2. Aucune bigoterie ne sera tolérée. Ça comprend, mais sans se limiter à, le racisme, le sexisme, l’homophobie, la transphobie, etc.

3. Politique sur le contenu IA

Non permis : Images ou articles générés par l'IA

Toléré : Résumés IA de publications

4. Seul le contenu en français et en anglais n'est toléré

5. Déclarez toute auto-promotion

Les utilisateurs sont encouragés à signaler tout contenu qui ne respecte pas nos directives communautaires

Related communities: Communautés connexes :

[email protected] [email protected] [email protected] [email protected] [email protected]

founded 2 years ago

MODERATORS

[email protected]

Is Tim Hortons Canadian? (www.cbc.ca)

submitted 3 days ago by [email protected] to c/[email protected]

10 comments fedilink hide all child comments

In 1995, the business was bought by American burger chain Wendy's, and in 2014 became part of Restaurant Brands International.

This is where the idea of Tim's being Brazilian comes from. Restaurant Brands International's largest shareholder was the Brazilian investment firm 3G Capital.

In 2014, at the time of the takeover, 3G held 47 per cent of the voting power in Restaurant Brands International, but that has slowly decreased over time to 26 per cent as of Dec. 31, 2024.

Today, Canadian banks such as Toronto Dominion, Bank of Montreal, National Bank and Royal Bank, as well as Canadian institutional investors such as the CPP Investment Board, cumulatively hold a stake comparable to 3G, according to Michael Oliveira, the director of communications for Tim Hortons.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 3 days ago (1 children)

Restaurant Brands International Inc. (RBI) is a Brazilian-Canadian-American multinational fast food holding company. It was formed in 2014 by the merger between (American) Burger King and (Canadian) Tim Hortons. Its headquarters is in Toronto. ^1^
3G Capital is a global investment firm and holds a 32% stake in Restaurant Brands International. Its headquarters in New York City. ^2^

[–] [email protected] 5 points 3 days ago

3G Capital is a global investment firm and holds a 32% stake in Restaurant Brands International.

According to this article, this has further declined to 26%, roughly equivalent to the collective Canadian ownership (which I did not know, and is why I shared it).