Restaurant Brands International lost a whopper in the fourth quarter on the closing costs relating to its Double-Double deal that would see Burger King and Tim Hortons merge. According to its fourth-quarter earnings, Restaurant Brands lost $154.2 million, or $2.52 per share. At the … [Read more...]
Tim Hortons Corporate Inversion Brings Pink Slips
Just six weeks after the controversial deal between Burger King (3G Capital) and Tim Hortons was completed, it was announced by the iconic Canadian coffee chain that it would be laying off scores of employees from its corporate headquarters in Oakville, Ontario. In addition to its … [Read more...]