Tim Hortons rolling up the rim to win over China
Tim Hortons is going where the growth is: China.
The Canadian institution announced it will expand its portfolio of 4,700 restaurants by signing a joint venture partnership with a Chinese-based equity firm.
Tim Hortons has locations in the United States, the Arab Emirates, the Philippines and the United Kingdom. And it intends to open 1,500 new restaurants in China in the next decade. By 2028, almost a quarter of Tim Hortons restaurants will be in China.
Cartesian Capital, the equity firm partnering with Tim Hortons, worked with Timmy’s parent company, Restaurant Brands International (RBI), in an expansion of the Burger King franchise into China more than a decade ago. Burger King now has more than 1,000 restaurants in China.