RBI plans to operate 40,000 restaurants worldwide

By gor goz

Toronto’s Restaurant Brands International (RBI), owner of Burger King, Tim Hortons and Popeyes, has announced its plans to operate 40,000 restaurants worldwide.

The announcement came at an investor day held by RBI in New York City to outline future plans for its three subsidiaries.

The standout announcement was the plan to grow from some 26,000 restaurants to more than 40,000 restaurants globally over the next 8-10 years. This figure would currently make it one of the largest restaurant companies in the world, above the 37,241 locations reported by McDonalds in 2017, and below only Subway.


RBI credits their master franchise network in global markets as a driver of growth, having taken it from a restaurant base of 12,000 in 2010 to nearly 26,000 currently. Over the same time frame sales grew from approximately $15bn to over $32bn and the company expects this trend to continue, saying the 5-year outlook for growth is 5% annually in the global burger market, and 6% in the global coffee and chicken markets

Jose Cil, CEO of RBI, said: "RBI is fundamentally a growth company, with three amazing, iconic brands that we believe have a very long runway for growth - both at home and around the world. We have a proven history of generating very strong returns for our shareholders and today we are excited to share more insight than we ever have before to support our belief that all three brands have substantial growth ahead."

The company, formed from the 2014 merger of Tim Hortons and Burger King, acquired the Popeyes brand in 2017. They are majority owned by the investment firm 3G capital.


Featured Articles

Top 10 cybersecurity specialists in the US

As cyber attacks grow in frequency and become increasingly sophisticated, Business Chief looks at the top 10 cybersecurity specialists in the US.

Silicon Valley Bank collapse: How did we get here?

US authorities have stepped in to protect all Silicon Valley Bank customers following the second-largest bank failure in the country's history

Top 10 best new leadership books by women to read in 2023

To mark IWD, here’s our pick of the best new leadership books – all penned by impressive women at the forefront of the ever-evolving world of work

Eight of the best business leadership podcasts

Leadership & Strategy

CEO John Pagano, leading Saudi Arabia's Red Sea Global

Leadership & Strategy

Top 10 female CEOs according to Fortune’s Global 500 list

Leadership & Strategy