Times Colonist

Tim Hortons to open more than 1,500 shops in China

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Tim Hortons plans to open more than 1,500 of its coffee-and-doughnut shops in China over the next decade.

The expansion seeks to capitalize on the country’s burgeoning coffee culture and is the latest internatio­nal location for the coffee chain aiming to become a global brand.

“China’s population and vibrant economy represent an excellent growth opportunit­y for Tim Hortons in the coming years,” the brand’s president Alex Macedo said in a statement.

The chain signed a master franchise joint venture agreement with private equity firm Cartesian Capital Group for it to develop and open the restaurant­s. Financial terms were not immediatel­y available.

In 2012, Cartesian Capital partnered with Tim Hortons parent company Restaurant Brands Internatio­nal, which also owns Burger King and the Popeyes brand, and the Kurdoglu family to develop the burger chain in China. There are now more than 900 Burger King restaurant­s in China.

City dwellers, especially young people and white-collar employees, in China increasing­ly drink coffee and have helped the café industry see strong growth, according to market-research firms.

The turn to caffeine partly comes from lifestyle changes, people earning more money and more people living in cities, according to the firms.

Consumers choosing coffee has helped fuel coffee chains’ expansion into China.

Starbucks had 3,300 stores in 141 cities in China as of May and plans to total 5,000 by 2021. China is its fastest growing market and it opens a new store in the country every 15 hours.

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