• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Restaurant Brands International Announces Investments to Drive Growth in China

    7/1/24 8:13:00 AM ET
    $QSR
    $THCH
    Restaurants
    Consumer Discretionary
    Restaurants
    Consumer Discretionary
    Get the next $QSR alert in real time by email

    RBI Acquires Popeyes China and Plans to Accelerate Growth 

    Co-investment alongside Cartesian Capital in Tims China Business

    TORONTO, July 1, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) (TSX:QSP) ("RBI", "Company") announced today two transactions in China, the acquisition of Popeyes China, and the co-investment with Cartesian Capital into the business of TH International Limited ("Tims China") (NASDAQ:THCH). The two transactions reflect RBI's confidence in China, one of the largest QSR markets globally, and its commitment to drive growth in the market.  RBI's total amount of capital outlay will be up to $45M for the two transactions.

    RBI logo (CNW Group/Restaurant Brands International Inc.)

    RBI has agreed to acquire the Popeyes China business from Tims China on a cash-free debt-free basis based on an enterprise value of $15M. Following the transaction, RBI will own and operate Popeyes China, which opened its first restaurant in August 2023 and has 14 restaurants in Shanghai today. The pace of restaurant growth is expected to ramp up through investments in local teams and restaurant development. Longer-term, RBI expects to bring on local partners to form a more traditional master franchisee, similar to other Popeyes international markets.

    To help fuel the growth of Tims China, Cartesian Capital and RBI agreed to invest up to $50M of capital into the Tims China business via three-year convertible notes, of which $40M will be issued at closing with the balance funded over the coming 7 months, subject to certain operational and financial conditions. Of the total, $20M were issued to Cartesian and up to $30M will be issued to RBI, including $20M at close. Following the transaction, RBI will effectively have the right to appoint two directors to the Tims China Board and will see its equity ownership in the business increase to up to 18%, on an as converted basis. The RBI team will continue to work closely with the Tims China management team and Board to drive growth in one of the fastest growing coffee markets in the world.

    "China is one of the most compelling long-term market opportunities for both our Popeyes and Tim Hortons brands. Popeyes China is off to a strong start and we are excited to unlock its development potential in one of the largest chicken QSR markets globally. Today's announcement allows Tims China to redouble its focus on quality restaurant development and providing Chinese consumers with our high quality Tims coffee and food offerings," said Rafael Odorizzi, President of Asia Pacific.

    These transactions follow the recent appointment of Patrick Siewert as Senior Advisor for Asia-Pacific and showcase RBI's commitment to growth in the region.

    About Restaurant Brands International Inc.

    Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.

    Forward-Looking Statements

    This press release includes forward-looking statements, which are often identified by the words "may," "might," "believes," "thinks," "anticipates," "plans," "expects," "intends" or similar expressions and include statements regarding (1) expectations regarding whether the full amount of Tims China convertible notes will be purchased, (2) expectations regarding Popeyes future success in China and ability to accelerate restaurant growth, (3) expectations regarding the ability and timing for bringing in a local master franchisee for Popeyes China, and (4) expectations regarding the ability to drive growth at Tims China. These forward-looking statements may be affected by risks and uncertainties in the business of RBI, Popeyes China and Tims China and market conditions, and include the following: (1) the risk that the conditions to the additional convertible note purchases will not be satisfied, (2) the risk that Popeyes China will not be able to grow as quickly as expected, if at all, and (4) risks related to competition, macro-economic factors and general risks of doing business in China. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by RBI with the U.S. Securities and Exchange Commission and the Canadian securities regulators, including RBI's annual report on Form 10-K for the year ended December 31, 2023. RBI cautions readers that certain important factors may have affected and could in the future affect actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made herein. RBI does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/restaurant-brands-international-announces-investments-to-drive-growth-in-china-302186911.html

    SOURCE Restaurant Brands International Inc.

    Get the next $QSR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $QSR
    $THCH

    CompanyDatePrice TargetRatingAnalyst
    Restaurant Brands International Inc.
    $QSR
    3/19/2025Hold → Buy
    Argus
    Restaurant Brands International Inc.
    $QSR
    2/14/2025$70.00Buy → Hold
    TD Cowen
    Restaurant Brands International Inc.
    $QSR
    2/13/2025Buy → Hold
    Argus
    Restaurant Brands International Inc.
    $QSR
    1/24/2025$74.00 → $71.00Neutral → Buy
    Guggenheim
    Restaurant Brands International Inc.
    $QSR
    10/22/2024$89.00 → $86.00Outperform
    Oppenheimer
    Restaurant Brands International Inc.
    $QSR
    6/13/2024$80.00Buy
    Goldman
    Restaurant Brands International Inc.
    $QSR
    11/30/2023$85.00Mkt Perform → Outperform
    Bernstein
    Restaurant Brands International Inc.
    $QSR
    10/19/2023$75.00Buy
    Deutsche Bank
    More analyst ratings

    $QSR
    $THCH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Chief Executive Officer Kobza Joshua

      4 - Restaurant Brands International Inc. (0001618756) (Issuer)

      4/8/25 5:51:49 PM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • SEC Form 4 filed by Chief Corporate Officer Fulton Duncan

      4 - Restaurant Brands International Inc. (0001618756) (Issuer)

      4/8/25 5:51:40 PM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • SEC Form 4 filed by Executive Chairman Doyle J Patrick

      4 - Restaurant Brands International Inc. (0001618756) (Issuer)

      4/8/25 5:51:28 PM ET
      $QSR
      Restaurants
      Consumer Discretionary

    $QSR
    $THCH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Restaurant Brands Int'l upgraded by Argus

      Argus upgraded Restaurant Brands Int'l from Hold to Buy

      3/19/25 8:20:23 AM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Restaurant Brands Int'l downgraded by TD Cowen with a new price target

      TD Cowen downgraded Restaurant Brands Int'l from Buy to Hold and set a new price target of $70.00

      2/14/25 7:06:39 AM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Restaurant Brands Int'l downgraded by Argus

      Argus downgraded Restaurant Brands Int'l from Buy to Hold

      2/13/25 8:11:40 AM ET
      $QSR
      Restaurants
      Consumer Discretionary

    $QSR
    $THCH
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Restaurant Brands International Inc. Reports First Quarter 2025 Results

      Consolidated system-wide sales grow 2.8% year-over-year, including 8.6% in International Global comparable sales of 0.1%, or over 1% adjusting for Leap Day(a)  RBI remains on track for 8%+ organic Adjusted Operating Income growth in 2025 MIAMI, Fla., May 8, 2025 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the first quarter ended March 31, 2025. Josh Kobza, Chief Executive Officer of RBI commented, "We are making solid progress executing the fundamentals of our business, despite a slower start to the year. We have clear growth plans across each of our brands and strong alignment with our franchisees. We're see

      5/8/25 6:30:00 AM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Tims China Announces Fourth Quarter and Full Year 2024 Financial Results

      3.9 Percentage Points Improvement in Company Owned and Operated Store Contribution Margin 76 Net New Store Openings During the Fourth Quarter,1,022 System-Wide Stores at Year-End 2024 24.0 Million Registered Loyalty Club Members at Year-End,Representing 29.7% Year-over-Year Growth SHANGHAI and NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company") today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Total revenues of RMB332.6 million (USD45.6 million), representing a 12.0% decre

      4/15/25 7:06:45 AM ET
      $QSR
      $THCH
      Restaurants
      Consumer Discretionary
    • Restaurant Brands International to Report First Quarter 2025 Results on May 8, 2025

      MIAMI, March 19, 2025 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (NYSE:QSR) (TSX:QSR) (TSX:QSP) will release its first quarter 2025 financial results on Thursday, May 8, 2025 and will host an investor conference call that morning at 8:30 a.m. Eastern Time. The earnings call will be webcast on the company's investor relations website (https://rbi.com/investors) and a replay will be available for 30 days following the release. Investors may also access the conference call via the following dial-in numbers: 1 (833)-470-1428 for U.S. callers, 1 (833)-950-0062 for

      3/19/25 7:00:00 AM ET
      $QSR
      Restaurants
      Consumer Discretionary

    $QSR
    $THCH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Restaurant Brands International Inc.

      SC 13G/A - Restaurant Brands International Inc. (0001618756) (Subject)

      11/12/24 12:52:29 PM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Restaurant Brands International Inc.

      SC 13D/A - Restaurant Brands International Inc. (0001618756) (Subject)

      8/30/24 4:02:47 PM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Restaurant Brands International Inc.

      SC 13D/A - Restaurant Brands International Inc. (0001618756) (Subject)

      8/13/24 5:20:31 PM ET
      $QSR
      Restaurants
      Consumer Discretionary

    $QSR
    $THCH
    SEC Filings

    See more

    $QSR
    $THCH
    Financials

    Live finance-specific insights

    See more
    • SEC Form 10-Q filed by Restaurant Brands International Inc.

      10-Q - Restaurant Brands International Inc. (0001618756) (Filer)

      5/8/25 4:01:22 PM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Restaurant Brands International Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Restaurant Brands International Inc. (0001618756) (Filer)

      5/8/25 6:32:56 AM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • SEC Form PX14A6G filed by Restaurant Brands International Inc.

      PX14A6G - Restaurant Brands International Inc. (0001618756) (Subject)

      5/2/25 10:36:48 AM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Restaurant Brands International Inc. Reports First Quarter 2025 Results

      Consolidated system-wide sales grow 2.8% year-over-year, including 8.6% in International Global comparable sales of 0.1%, or over 1% adjusting for Leap Day(a)  RBI remains on track for 8%+ organic Adjusted Operating Income growth in 2025 MIAMI, Fla., May 8, 2025 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the first quarter ended March 31, 2025. Josh Kobza, Chief Executive Officer of RBI commented, "We are making solid progress executing the fundamentals of our business, despite a slower start to the year. We have clear growth plans across each of our brands and strong alignment with our franchisees. We're see

      5/8/25 6:30:00 AM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Tims China Announces Fourth Quarter and Full Year 2024 Financial Results

      3.9 Percentage Points Improvement in Company Owned and Operated Store Contribution Margin 76 Net New Store Openings During the Fourth Quarter,1,022 System-Wide Stores at Year-End 2024 24.0 Million Registered Loyalty Club Members at Year-End,Representing 29.7% Year-over-Year Growth SHANGHAI and NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company") today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Total revenues of RMB332.6 million (USD45.6 million), representing a 12.0% decre

      4/15/25 7:06:45 AM ET
      $QSR
      $THCH
      Restaurants
      Consumer Discretionary
    • Restaurant Brands International to Report First Quarter 2025 Results on May 8, 2025

      MIAMI, March 19, 2025 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (NYSE:QSR) (TSX:QSR) (TSX:QSP) will release its first quarter 2025 financial results on Thursday, May 8, 2025 and will host an investor conference call that morning at 8:30 a.m. Eastern Time. The earnings call will be webcast on the company's investor relations website (https://rbi.com/investors) and a replay will be available for 30 days following the release. Investors may also access the conference call via the following dial-in numbers: 1 (833)-470-1428 for U.S. callers, 1 (833)-950-0062 for

      3/19/25 7:00:00 AM ET
      $QSR
      Restaurants
      Consumer Discretionary

    $QSR
    $THCH
    Leadership Updates

    Live Leadership Updates

    See more
    • Restaurant Brands International Announces Investments to Drive Growth in China

      RBI Acquires Popeyes China and Plans to Accelerate Growth Co-investment alongside Cartesian Capital in Tims China Business TORONTO, July 1, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) (TSX:QSP) ("RBI", "Company") announced today two transactions in China, the acquisition of Popeyes China, and the co-investment with Cartesian Capital into the business of TH International Limited ("Tims China") (NASDAQ:THCH). The two transactions reflect RBI's confidence in China, one of the largest QSR markets globally, and its commitment to drive growth in the market.  RBI's total amount of capital outlay will be up to $45M for the two transactions.

      7/1/24 8:13:00 AM ET
      $QSR
      $THCH
      Restaurants
      Consumer Discretionary
    • Restaurant Brands International Inc. Appoints Patrick Siewert as Senior Advisor in Asia-Pacific Region

      Mr. Siewert led the Carlyle Group's consumer, media, and retail investments in Asia-Pacific for 16 years Previously served as Chief Operating Officer and Group President for Coca-Cola in Asia Serves as a board member for Mondelez International and Avery Dennison Corporation Appointment will contribute to RBI's aspiration of opening at least 7,000 new international restaurants through 2028 TORONTO, May 29, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) (TSX:QSP) ("RBI", "Company") has appointed Patrick Siewert as its Senior Advisor in the Asia-Pacific region. Mr. Siewert has extensive knowledge in food, beverage and consumer products in Asia, having served as Ch

      5/29/24 4:30:00 PM ET
      $QSR
      Restaurants
      Consumer Discretionary
    • Chris O'Neill Joins GrowthLoop's Board of Directors

      O'Neill Will Lend Experience in Scaling Cloud Software to Industry Leading Composable CDP NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Today, GrowthLoop announces the appointment of Chris O'Neill to their Board of Directors, further accelerating GrowthLoop's transformative new approach to growth marketing by providing audiences, journeys, and measurement directly on the data cloud. Chris O'Neill is a purpose-driven global technology leader with 25+ years of experience as an executive at Google, Evernote, and Xero, and a Fortune 500 board director at Gap Inc. and Tim Hortons. "I am t

      12/7/23 12:00:00 PM ET
      $GPS
      $QSR
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
      Restaurants