GFM Network News

Tim Hortons to enter Mexican market

Reuters — Restaurant Brands International said it would launch its coffee and doughnut chain, Tim Hortons, in Mexico as a part of its expansion plans. The company said it would form a master franchise joint venture with a group of investors, whom they did not name, to launch the brand. The joint venture company will […] Read more

Canadian firm to buy Taco Time, Cold Stone parent

A Montreal company known for mall food court and quick-service restaurant brands across Canada is set to buy a major U.S. player in the same sectors. MTY Food Group, which owns or holds franchises for 40 brands including Mr. Sub, Cultures, La Cremiere, Extreme Pita, Country Style, Yogen Fruz, TCBY and others, announced Wednesday it […] Read more

Investor group launches campaign to curb antibiotic use in food

Reuters — Fifty-four large investors managing one trillion pounds (C$1.84 trillion) in assets have launched a campaign to curb the use of antibiotics in the meat and poultry used by 10 large U.S. and British restaurant groups. McDonalds and JD Wetherspoon were among those to receive a March 15 letter from institutions including Aviva Investors […] Read more

Tim Hortons, Burger King to move toward cage-free eggs

The owner of Canadian coffee-and-donut giant Tim Hortons and North America’s No. 2 burger chain, Burger King, has reset its goal to take the chains’ egg supplies “cage-free.” Restaurant Brands International, the parent firm for the two chains since their merger in late 2014, announced Monday it will move to 100 per cent cage-free eggs for […] Read more

Tim Hortons owner profit beats Street on lower costs, new items

Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better-than-expected quarterly profit, helped by new menu items and lower costs. Most of Restaurant Brands outlets are in the U.S. and Canada. But the company has been opening new restaurants in France, Brazil, Russia and India, following its peers such as […] Read more

Owner of Tim Hortons, Burger King posts strong Q1

Reuters — Restaurant Brands International said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company’s stock rose more than three per cent in early trading but later pared gains. U.S. chain Burger King […] Read more