January 2016
Intermediate to advanced
480 pages
132h 28m
English
www.rbi.com, QSR
On December 4, 2014, Burger King Worldwide (BKW) officially acquired Tim Hortons, Inc., a Canadian coffee-and-doughnut retailer, for $11.4 billion. With that deal, BKW created Restaurant Brands International (RBI), which overnight became the second-largest global quick-service restaurant in the world. The combined company, RBI, is headquartered in Oakville, outside of Toronto, Canada, although BKW was headquartered in Miami, Florida. A primary rationale for this acquisition was for BKW to save potentially millions of dollars through what is called tax inversion—a process where a company reduces its U.S. tax liability by relocating its headquarters to a country with lower corporate tax ...
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