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January 25, 2019

Globe Food Equipment Company, Dayton, OH, has announced the addition of Jason Grace, Regional Sales Manager, to their sales team.

Grace joined Globe with 15 years’ experience in the foodservice industry. He began his career in counter sales with a food service dealership, moved to CAD design & bid projects, and was promoted to general manager overseeing all company functions. For the past three years Grace was with a sales rep organization where he was responsible for marketing and introducing new products for 30+ manufacturers to foodservice consultants, dealers, chains, hotels/casinos, and end users in southern Nevada and parts of southern California.

As Regional Sales Manager, Grace’s responsibilities include providing support to sales reps in the western region of the United States. Grace reports directly to Globe’s Vice President of Sales and Marketing, Kevin Woods. “Jason’s experience has given him a strong foundation of knowledge of Globe products.” Woods said. “This is a natural progression for Jason – from a dealer to a rep to a manufacturer, and we are excited to welcome him to the Globe team.”

 
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TORONTO, Jan. 23, 2019 /CNW/ - Restaurant Brands International Inc. ("RBI" or the "Company") (TSX/NYSE:QSR, TSX:QSP) today announced three leadership promotions that strengthen the Company's focus on accelerating its global growth. In addition, the Company pre-released comparable sales and net restaurant growth results, demonstrating the continued growth and performance in these key operational metrics. 

Reflecting its confidence in the long-term outlook for the Company, the RBI Board of Directors has declared a dividend increase to $0.50 per common share and partnership exchangeable unit for the first quarter of 2019 and the Company also announced it is targeting $2.00 in dividends per common share and partnership exchangeable unit in 2019, compared to $1.80 in 2018. The dividend will be payable on April 3, 2019 to shareholders and unitholders of record at the close of business on March 15, 2019.

Further, the Company also announced its first Investor Day Conference, which will be held in New York City in May 2019 to provide more detail on its plans for long-term growth and value-creation.

Leadership Promotions

Daniel Schwartz, who was the Chief Executive Officer of Burger King in 2013 and has been the Chief Executive Officer of RBI since its formation in 2014, has been promoted to Executive Chairman of RBI and Co-Chairman of RBI's Board of Directors, and will also take a more active role as a Partner at 3G Capital. Daniel will remain deeply involved in the RBI business and will continue to focus on talent acquisition, capital allocation and major strategic initiatives. Daniel, who has served as Chief Financial Officer and Chief Executive Officer over the past 8 years, has been instrumental in the creation of RBI through the acquisitions of Burger King in 2010, Tim Hortons in 2014 and Popeyes Louisiana Kitchen in 2017.

Jose Cil, who has been the President of Burger King since 2014, has been promoted to Chief Executive Officer of RBI. Accelerating the global growth of Burger King, Tim Hortons and Popeyes will be a top priority for Jose in his new role, in addition to delivering an exceptional guest experience, increasing franchisee profitability and building the power of our restaurant brands with our guests. Jose has been with Burger King for over 18 years and has driven the growth of the brand to more than $20 billion in system-wide sales and more than 17,000 restaurants in over 100 countries and territories across the globe.

Josh Kobza has been promoted to Chief Operating Officer of RBI following seven years as an executive in the business, including as Chief Financial Officer from 2013 through 2017 and as Chief Technology & Development Officer in 2018. As the head of global development, he has set up many of the international franchise partnerships that have supported the Company's growth in recent years and he was also responsible for leading the acquisitions of Tim Hortons in 2014 and Popeyes Louisiana Kitchen in 2017. In his new role, Josh will continue to oversee the establishment of new international franchise partnerships as well as the implementation of the Company's technology initiatives, and will now also ensure that RBI's various operational teams best support the global growth of the Company's three brands.

Today's announced leadership changes are effective immediately. Daniel will work closely with Jose over the next few months to ensure a smooth transition and neither Daniel nor the Partners at 3G Capital intend to sell shares in the Company, reflecting their continued optimism of the long-term outlook for the business.

"I am very proud of the talented team that we have built at RBI," said Daniel Schwartz, Executive Chairman of RBI. "This is a natural transition of roles for all of us, and reflects how we were already beginning to operate the business day-to-day. I have great optimism for what I believe our team will achieve, and we are looking forward to sharing further details with the investment community later this year."

"I'm excited by the challenge of this new role and I'm thankful to Daniel and my other partners for the vote of confidence to lead RBI on our next journey of growth," said Jose Cil, Chief Executive Officer of RBI. "We have three amazing brands, a talented team with an ownership mindset, and passionate, dedicated franchisees that I believe will help us accelerate our long-term growth around the world. Profitable owners and happy guests are the bedrock of our business and I look forward to continuing to grow franchisee profitability and provide our guests an exceptional brand experience when they visit our restaurants."

"I am proud to have been involved in the creation of what RBI is today, and I share the team's enthusiasm for what the future holds for the business," said Josh Kobza, Chief Operating Officer of RBI. "I look forward to supporting the growth of our three strong brands, including by attracting and retaining top talent, ensuring excellence in our supply chain and business services, establishing new franchise partnerships with best-in-class operators, and driving the evolution of our digital and technology agenda."

Pre-Release of Fourth Quarter and Full Year Comparable Sales and Net Restaurant Growth

Consolidated Operational Highlights

                       
    Three Months Ended December 31,     Twelve Months Ended December 31,
    2018     2017     2018     2017
    (unaudited)     (unaudited)
Net Restaurant Growth          
TH   2.1 %     2.9 %     2.1 %     2.9 %
BK   6.1 %     6.5 %     6.1 %     6.5 %
PLK   7.3 %     6.1 %     7.3 %     6.1 %
Consolidated   5.5 %     5.8 %     5.5 %     5.8 %
                       
System Restaurant Count at Period End                      
TH   4,846     4,748     4,846     4,748
BK   17,796     16,767     17,796     16,767
PLK   3,102     2,892     3,102     2,892
Consolidated   25,744     24,407     25,744     24,407
                       
Comparable Sales                      
TH   1.9 %     0.1 %     0.6 %     (0.1)%
BK   1.7 %     4.6 %     2.0 %     3.1 %
PLK   0.1 %     (1.3)%     1.6 %     (1.5)%
                       
KPIs by Home Market                      
                       
Comparable Sales                      
TH – Canada   2.2 %     0.8 %     0.9 %     0.2 %
BK – US   0.8 %     5.1 %     1.4 %     2.5 %
PLK – US   (0.1)%     (2.5)%     0.9 %     (2.2)%
Note: Comparable sales are calculated on a constant currency basis and include sales at franchise restaurants and company-owned restaurants. For the twelve months ended December 31, 2017, PLK figures are shown for informational purposes only.

Investor Day Conference in May 2019

The Company will host its first Investor Day Conference in New York City in May 2019 to outline its plans to deliver long-term value creation for its stakeholders. The Investor Day Conference will be made available via live webcast and in-person participation will be by invitation only. Further details about this conference will be issued by the Company in the coming months.

Investor Conference Call

We will host an investor conference call and webcast at 8:30 a.m. Eastern Time today, Wednesday, January 23, 2019. The investor call will be broadcast live via our investor relations website at http://investor.rbi.com and a replay will be available for 30 days following the release. The dial-in number is (877) 317-6711 for U.S. callers, (866) 450-4696 for Canadian callers, and (412) 317-5475 for callers from other countries.

 
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FORT MILL, S.C. – Jan. 22, 2019 – RB (formerly known as Reckitt Benckiser), global producer of popular consumer health, hygiene and home products, and Diversey Inc (“Diversey”), provider of efficient cleaning and hygiene technologies, today announced a strategic alliance in the North American industrial and institutional cleaning market. The expanded partnership builds on RB’s strength in convenient, ready-to-use solutions—via brands including Lysol, Airwick, Easy-Off and Resolve—and Diversey’s advanced institutional cleaning expertise in hospitals, schools, and office complexes across the country.

“Growing our relationship with RB will significantly enhance Diversey’s Prosumer Solutions category, and will provide Diversey’s distributor partners with greater access to the world’s most trusted brands and cleaning products,” said Paul Budsworth, President of Diversey. “This is a critical step for Diversey as we continue to deliver complete facility cleaning solutions for commercial end-users.”

“A key element of RB’s strategic focus in North America is growth in the institutional cleaning market,” said Rahul Kadyan, Executive Vice President RB North America for the Hygiene Home Business Unit. “This alliance with Diversey will help unleash the full power of RB’s brands and contribute towards our purpose of ‘Creating a Cleaner World’ by expanding the reach of our innovative products to healthcare facilities, educational institutions, and hospitality centers.”

The announced elevated partnership will provide complete facility disinfection, cleaning and air care solutions for application across verticals, delivering upon specific end-user needs.

 
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BURLINGTON, ON, Jan. 22, 2019 /CNW/ - For the seventh consecutive year, Sodexo has been recognized as one of Canada's Top Employers for Young People in 2019.

Winners were announced January 18th in a special section published nationally by The Globe and Mail. Applications were evaluated by an editorial team with Canada's Top 100 Employers project. Organizations were judged on their programs and initiatives that attract and retain younger workers. 

A critical aspect of Sodexo's workplace culture is to create an environment that offers young employees professional development programs including mentorship, career planning and wide-ranging learning opportunities.

"This award is a testament to our commitment to developing young talent," says Suzanne Bergeron, president, Sodexo Canada.  "Their drive and energy form an important part of Sodexo's diverse workforce. Our goal is to continue attracting talent to fuel our growth and innovation."

The company provides formal opportunities for young talent including:

  • Tuition assistance
  • Mentoring programs
  • Paid internships for students and new graduates

"To support an optimistic future we promote internally for 80% of our roles and aim for 100% at the executive level. Our business is delivering services that provide Quality of Life. And we start with our people," adds Bergeron.

This video shares some thoughts and experiences from Sodexo Canada employees. 

 
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January 21, 2019

The World Cheese Awards will visit Italy for the first time, taking place in Bergamo on Friday 18 October 2019, as part of the city’s annual FORME cheese festival. Announced on Thursday 17 January at a the Palazzo Regione Lombardia in Milan, the main seat of the government for the Lombardy region, the news will see the planet’s largest cheese-only competition join a four day celebration of cheese in the Medieval heart of Bergamo.

Following an epic edition of the World Cheese Awards in Bergen, Norway in November 2018, where records were broken across the board with 3,472 cheeses from 41 different countries being judged in a single day, the 32nd edition will now be staged in the Capitale Europea dei Formaggi. Reaching out to cheesemakers and cheese experts in every corner of the globe, this year’s line-up is set to be bigger and more diverse than ever before.

As Bergamo plays host to the international cheese community, the World Cheese Awards will shine a spotlight on Lombardy’s culinary culture, giving the region’s producers an opportunity to showcase their food and drink on a world stage. The FORME festival itself will take consumer and trade visitors on a dairy journey, featuring tastings, panel discussions, training sessions, markets and an exhibition of all 50 Italian DOP cheeses.

John Farrand, managing director of the Guild of Fine Food, organisers of the World Cheese Awards, commented: “The World Cheese Awards is extending its international reach year-on-year, so it's very important for us to partner with like-minded organisations that understand the power and potential of this global cheese gathering. Uniting with FORME feels like a very natural fit for us and we're hugely honoured to be bringing the competition to Bergamo in 2019, a beautiful city with a wealth of cheese heritage. With over 200 of the world's top cheese people set to fly in for the awards, Bergamo will become the very heart of the cheese world this October and the world will be watching as the city hosts this global celebration of cheese. We're anticipating yet another record breaking year, hoping to top 3,500 entries for the first time, and are looking forward to working together with the FORME team to create a lasting legacy in the region and raise awareness throughout the food and drink world.”

Francesco Maroni, president of the Progetto Forme, added: “We are very proud to present the fourth edition of FORME, an event that over the years has been able to impress everyone - institutions, professionals and the public. The numbers from last year are already clear: over 40,000 visitors and participants, with 12,000 kilos of cheese sold and tasted at the market. Without losing sight of the importance of local heritage, this year's edition will see the Italian premiere of the World Cheese Awards, the most prestigious international competition for the best cheeses in the world. This huge event, alongside the new addition of the B2Cheese fair, will serve to promote excellence in production throughout Italy, with the aim of enhancing the reputation of our national cheeses and creating a culture of quality.”

The World Cheese Awards will take place on Friday 18 October 2019, forming part of the FORME festival, which will run from 18-20 October across a number of Bergamo’s most iconic venues.

 

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