Tim Hortons eyes U.S. expansion
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.