NEW LEADERSHIP FOR TIM HORTONS PARENT RESTAURANT BRANDS INTERNATIONAL INC.
Tim Hortons parent company, Restaurant Brands Interna- tional Inc., has named Duncan Fulton as its new chief cor- porate officer. Fulton was president of Canadian Tire’;s FGL Sports Ltd. group until earlier this year where he had previously served as senior vice-president for communications. RBI is hoping that his political experience as an adviser and spokesman for former Prime Minister, Jean Chretien will help Fulton as the company faces a number of issues with disgruntled Tim Hortons franchisees and The Great White North Franchisee Association, a group that claims to repre- sent about half of Canada’s Tim Hortons franchisees.
CARLSBERG BETS RIGHT WITH WORLD CUP SPONSORSHIP
Danish brewer Carlsberg, the world’s third-largest brewer behind Anheuser Busch InBev and Heineken, raised its full year profit outlook after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup.
The company now expects operating profit to grow by high-single-digits in percentage terms this year. It had previously forecast growth in mid-single-digits.
In China, which last year became Carlsberg’s largest single market in volume terms, sales grew organically by 17 percent in a market that grew by an estimated 1 percent, fuelled by demand for its premium brands like Tuborg, Carlsberg and 1664 Blanc.
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SPOTLIGHT ON BUSINESS MAGAZINE • AUGUST 2018
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