Ontario Restaurant News - September 2014

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September 2014 Vol. 29 No. 8

N A T I O N A L

Oats & Ivy founder Marina Cortese.

Peddling

healthy

food

By Kristen Smith Assistant editor, digital content TORONTO—Marina Cortese sets up her Oats & Ivy bike cart in Toronto’s financial district during the

lunch hours with the hope of shifting the perspectives of both the fast and health food industries. She pointed out the notion exists that healthy food can be “pretentious” and often “tastes like cardboard.”

C O V E R A G E

“I just want to make it more accessible, fun and truly tasty,” said Cortese, a holistic nutritionist. “I love food and I love the health side of it as well, and I noticed, in my opinion, a need for more truly healthy options.” Through trial and error over the course of the summer, Cortese determined King and Bay streets and the intersection of Simcoe and Wellington to be prime spots.“Our target market is the financial core … people who are busy who need the convenience of healthy food fast,” she said. The three-person team preps for the service at a Liberty Village production kitchen, making coldpressed juices, almond milk, treats and lunches such as Asian slaw with organic chicken and quinoa salad with pepper, cucumber, tomatoes, goat cheese with a red wine vinaigrette. The bike cooler, which required a non-motorized vehicle refreshment licence, can hold enough to serve about 50 full meals which cost about $15 each. Continued on page 3

R E G I O N A L

F O C U S

POUTINEVILLE COMES TO THE ONTARIO MARKET

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$ 5 . 9 5

THE ART OF PACKING CLING PEACHES

8

12 FARE GAME AT NEW WILD BURGER CONCEPT

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FEATURE: GETTING TO THE BOTTOM OF NON-ALCOHOLIC BEVERAGES

Burger King buys Tim Hortons in $12.5B deal

Canada Post Publications Mail Agreement No. 40010152

By Jonathan Zettel, assistant editor OAKVILLE, ON and MIAMI, FL— Tim Hortons agreed to a $12.5-billion deal to be taken over by quick-service giant Burger King and its majority owner, Brazilian-based private equity firm 3G Capital, on Aug. 26. According to the companies, the deal had been in the works for months and will form a new global company based in Canada where the majority of the combined business is located. Burger King will keep its Miami, FL, headquarters and Tim Hortons

will maintain its offices in Oakville, ON. In a teleconference call, Tim Hortons president and chief executive officer Marc Caira told members of the press the deal would not impact the quality or kind of service Canadians have come to expect. “Tim Hortons will still be Tim Hortons,” Caira said. “We will still be the company of the timbit and of the double double.” According to a joint statement, both brands will operate independently with no crossover plans for their core products: Tim Hortons

coffee will not be sold in Burger King units and Whoppers will not be sold at Tim Hortons. Alex Behring, executive chairman of Burger King and managing partner at 3G Capital, which acquired Burger King in 2010, denied initial reports the move was to reduce corporate taxes. “This is not a tax-driven deal. This transaction is fundamentally about growth and the focus is on creating value to accelerate international expansion for both brands,” Behring said. Continued on page 3

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