Tim Hortons plans big China push
Tim Hortons, the Canadian coffee and doughnut chain, plans to open more than 1,500 restaurants in China amid a growing global trade war.
The restaurants will open over the next 10 years through a master franchise agreement with Cartesian Capital Group, Tim Hortons said Wednesday.
Still, a move into the world’s most populous nation while a trade conflict escalates between the U.S. and China could be a risky move. Some U.S. brands are already having trouble gaining traction there. Pizza Hut has struggled to appeal to Chinese consumers, while Starbucks has cited a sales slowdown in the country.