Tim Hortons teams up with Cartesian to expand in China: Reuters
Canadian coffee and doughnut chain Tim Hortons is pushing into China with plans to open 1,500 outlets in the world’s second largest economy over the next 10 years, Reuters reported. Restaurant Brands International Inc, which owns Tim Hortons as well as Burger King chains, said its Chinese restaurants will be opened under a master franchise joint venture with U.S. private equity firm Cartesian Capital Group. “China’s population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years,” President Alex Macedo said in a statement.
11 July 2018•3 mins read
