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.
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.