1. University of Manitoba International Management Fall 2019 Ratchel Zeng INTB 2200/Fall International Management Fall 2019 INTB 2200/Fall Ratchel Zeng University of Manitoba Table of Contents Tim Hortons Inc................................................................................................................................5 2. 9B14M114 TIM HORTONS INC.1 Karin Schnarr and W. Glenn Rowe wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any form or by any means without the permission of the copyright holder. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western University, London, Ontario, Canada, N6G 0N1; (t) 519.661.3208; (e)
[email protected]; www.iveycases.com. Copyright © 2014, Richard Ivey School of Business Foundation Version: 2019-04-22 It would be a year of dramatic change for Tim Hortons Inc. On August 26, 2014, the company’s board of directors had agreed to be acquired by 3G Capital, the investment firm that owned Burger King. The new company would become the third-largest fast food restaurant chain in the world with 18,000 locations in 98 countries and combined international sales of $23 billion dollars.2 The new company would be headquartered in Oakville, Ontario, Canada and largely operate as two separate entities. The deal still had to be approved by Tim Hortons’ shareholders and potentially by Canadian and American regulatory authorities.