Tim Hor­tons eyes U.S. ex­pan­sion

StarMetro Vancouver - - NEWS | BUSINESS -

The par­ent com­pany of Tim Hor­tons and Burger King sees fer­tile ground for rapid ex­pan­sion for both chains in the United States.

The United States is “one of the big­gest op­por­tu­ni­ties” for ex­pand­ing the cof­fee and burger chains, said Daniel Schwartz, CEO of Res­tau­rant Brands In­ter­na­tional Inc.

Tim Hor­tons had 683 U.S. lo­ca­tions as of Dec. 31, 2016. Burger King’s U.S. op­er­a­tions had more than 7,000 restau­rants as of Dec. 31, 2015.

RBI is also in­tent on rapidly ex­pand­ing Tim Hor­tons around the world, sign­ing three sep­a­rate master fran­chise joint ven­ture agree­ments to bring the chain to the Philip­pines, Bri­tain and Mex­ico. The com­pany ex­pects to open the first lo­ca­tions this year, said chief fi­nan­cial of­fi­cer Josh Kobza.

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