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Burger King in talks to buy Tim Hortons and move HQ to Canada
New York -- Burger King Worldwide is in discussions to buy Canadian coffee and doughnut chain Tim Hortons. The two companies said in a joint statement on Monday that the new publicly listed entity would be based in Canada. The move comes as the White House is calling on Congress to take steps to prevent U.S. companies from moving outside the country (“tax inversions”).
The two restaurant companies are currently worth a combined total of about $18 billion, according to media reports.
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Formosa Supermarket selects NCR to improve customer experience
San Paulo, Brazil -- NCR Corporation announced that Formosa Supermarket, one of the biggest supermarket chains in Brazil, chose an NCR hardware solution to expedite service in its stores.
Formosa Supermarket enjoys some of the highest revenues per store and by checkout in Brazil. Increased store activity, combined with hot and humid weather conditions required Formosa Supermarkets to incorporate a solution that not only handled large volumes but could also stand up to the climate.