The $12billion deal between Burger King and Tim Horton completed last year will become the third-largest fast-food chain across the globe and will will operate some 18,000 locations with plans to open many more.The result of this transaction is this new global company, with sales of more than $23 billion annually, which will now be based in Canada
The Canadian basedTim Horton made $3.26 billion in revenue in 2013, almost 3 times that of Burger King. It managed that with just under 5,000 units worldwide, compared to Burger King's 13,600.Industry watchers expect "Burger King’s owners, Brazil-based 3G Capital, to implement deep cost cuts among other efforts to squeeze bigger profits out of the chain.
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