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Firehouse Subs

Leadership

Patrick Doyle named executive chairman at Restaurant Brands International

The former Domino’s CEO will make a $30 million investment in the owner of Burger King, Popeyes, Tim Hortons and Firehouse and will get options worth close to $200 million.

Financing

Digital sales drive performance at parent of Burger King and Tim Hortons

Brand operator Restaurant Brands International now gets a third of its sales through digital channels. Sales at Burger King and Popeyes also improve in the U.S.

Tim Hortons’ Canada sales surge, Popeyes declined and Firehouse Subs beat difficult comparisons.

The brand’s first new c-level executive in a decade comes from Tim Hortons and will oversee operations and technology

The sub chain, bought for $1 billion by Burger King owner Restaurant Brands International, generated nearly 25% two-year same-store sales in the fourth quarter.

José Cil, CEO of Burger King owner Restaurant Brands International, said staffing challenges are a long-term problem that requires long-term solutions.

Fox thought he would end his career at Burger King until he was laid off nearly 20 years ago. He has since helmed Firehouse Subs to a $1 billion valuation, paid by his former employer’s parent company.

The $1 billion deal gives the owner of Burger King, Tim Hortons and Popeyes its fourth brand. RBI is using a combination of cash and new debt to fund the purchase.

The measure passed last week prohibits employers from requiring staff vaccines unless a wide array of exemptions are also offered.

The owner of Burger King and Popeyes is adding the rapidly growing sandwich chain, citing its “long-term growth opportunity.”

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