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.
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
https://en.wikipedia.org/wiki/Restaurant_Brands_International
https://en.wikipedia.org/wiki/3G_Capital
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).