Restaurant Brands International, Explained

Skift Table Brand Explainers break down restaurant groups by their individual brands in order to better understand their respective parts as well as opportunities for groups to expand or consolidate. Restaurant Brands International, as an entity, has only existed for roughly the past five years. The company was formed after Burger King merged with Tim Hortons in 2014, and then in 2017, RBI bought Popeyes Louisiana Kitchen for $1.8 billion to build out the three brands that it encompasses today. Not one to go long without surprises, RBI then announced that founding CEO Daniel Schwartz would be stepping away from his role at the beginning of 2019. José Cil, a 19-year veteran of Burger King and most recently the president of that brand, was named the new CEO of RBI. Schwartz will still have a presence at RBI as executive chairman, but will also spend more time in his role as partner at 3G Capital, a major shareholder at RBI. (The firm is desperate need of the added attention, as outlin