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.
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Wikipedia considers them to be, but I consider that an error. Tim Horton’s is foreign owned.
Is there any chance at all that you read the article?
I’d say the chance is about 100% since it happened - there are plenty of locally run Canadian coffee shops that you should prefer over Timmies.
No. Next question.
Even if they went fully canadian ownership, i’d never go back. The food and coffee has been so shit for years, i cant fathom why anyone still goes there
So many better local donut and coffee options in most cities (unless you live in a truly small town with literally only tim hortons available)
Oh yeah, I think “is their food any good” is an entirely different question. But I do think it’s interesting to untangle the ownership structure.
Ironically, when I moved to the UK, I discovered the coffee and food at Tim’s here is significantly better.
Partly. Their largest shareholder is RBI, which is Brazilian-American-Canadian. Head office is in First Canadian Place in Toronto. The terms of the deal that RBI cut to buy them has the Canadian government requiring them to keep most of their office side of things in Canada.
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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
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3G Capital is a global investment firm and holds a 32% stake in Restaurant Brands International. Its headquarters in New York City. 2
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).
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