Quebec franchisees sue Tim Hortons over declining profits [Globe and Mail, The (Toronto, Canada)]
Restaurant Brands International Inc. Common Shares (QSR)
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Source: Globe and Mail, The
gap between their own costs for supplies, and menu prices – which are controlled by the company. An application to initiate proceedings was filed in Quebec Superior Court in Montreal on Thursday, on behalf of 11 owners who operate 44 restaurants in the province and have seen their profitability “decrease significantly” since 2021, according to the document. It is not the first time Tim Hortons has faced legal action from its store owners. In 2019, the company settled two class-action lawsuits filed on behalf of Canadian franchisees, who at the time had complained that actions taken by parent company Restaurant Brands International Inc. had hurt the reputation of the brand and their bottom line. Tim Hortons currently has more than 3,900 locations in Canada, approximately 615 of which are in Quebec. The profitability declines cited in the court filing echo those expressed by a dissident group of Tim Hortons owners, called the Alliance of Canadian Franchisees, which began speakin
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- 4/30/24 - Form 8-K
- 4/30/24 - Form 8-K
- 4/29/24 - Form SC
- QSR's page on the SEC website