Montag, 24. Juni 2024
Deutsch Englisch

Global Industry: THI and BKW to create global powerhouse

Hamburg. (bm) This week an agreement was reached to create the world’s third largest quick service restaurant company. Canada’s Tim Hortons Inc. (THI) and U.S. America’s Burger King Worldwide Inc. (BKW) announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector. With approximately 23 billion USD in system sales, over 18’000 restaurants in 100 countries and two strong, thriving, independent brands, the new company will have an extensive international footprint and significant growth potential. The new global company will be based in Canada, the largest market of the combined company. Other topics of the week:

Title Region Date
Crumbs Bake Shop: Bancrupty Court Approves Sale (US) Fri 08-29
Production of one cup of coffee costs 140 litres fresh water (NL) Fri 08-29
Orkla ASA: to acquire NP Foods Group in Latvia (NO) Thu 08-28
Corner Bakery: Increases New York Footprint (US) Thu 08-28
THI and BKW: agreed to create global powerhouse (CA) Wed 08-27
Lotus Bakeries: turnover grew by five percent in H1/2014 (BE) Wed 08-27
ADM: Opens Global Headquarters in Chicago (US) Wed 08-27
Oetker: to buy frozen pizza business in Canada (CA) Tue 08-26
Carrols Group: to purchase 64 BK restaurants (US) Tue 08-26
Flowers Foods: Executive Chairman Sells 415’000 Shares (US) Tue 08-26
McDonald’s USA: announces new president (US) Tue 08-26
Merger: Tim Hortons and Burger King confirm talks (CA) Mon 08-25
Wilmar: posts earnings of 171 million USD for Q2/2014 (SG) Mon 08-25
Barry Callebaut: S+P Revised Outlook To Stable (CH) Mon 08-25
Greggs: Interim Results for the first half 2014 (UK) Mon 08-25
NRA: honours 20. «National Food Safety Month» (US) Sat 08-23
USDA: 1,6 Million Worldwide to Benefit from Assistance (US) Sat 08-23
Mars Inc.: Highlights Role of Innovation in Lindau (US) Sat 08-23