1,500 Tim Hortons outlets are set to be developed in China, following the signing of an agreement with private equity firm Cartesian Capital Group. The locations will be opened over the next ten years.
Tim Hortons president Alex Macedo said, “China’s population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years. We have already seen Canada’s Chinese community embrace Tim Hortons and we now have the opportunity to bring the best of our Canadian brand to China with established partners who have expertise in the industry and the country.”
The chain operates more than 4,700 restaurants in Canada, the United States and around the world.