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Wed 31st Aug 2016 - Restaurant Brands signs franchise deal to bring Tim Hortons to UK |
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Restaurant Brands signs franchise deal to bring Tim Hortons to UK: Restaurant Brands has signed a franchise deal to launch Tim Hortons coffee and doughnut shops in the UK as part of its expansion plans. The move into Europe comes after Tim Hortons, which has outlets in Canada, the US and the Middle East, said last month that it would enter Asia by opening its first outlet in the Philippines. Restaurant Brands, which also owns the Burger King chain of restaurants, said it has formed a master franchise joint venture with an investor, which it did not name, in Britain The joint venture will operate a franchise of Tim Hortons stores in England, Scotland and Wales, Restaurant Brands said. The company did not say when it would open its stores in the region or how many stores it planned to open. Restaurant Brands chief executive Daniel Schwartz told Reuters: “Great Britain is an attractive quick-service restaurant market with a strong and growing coffee culture so it is a natural fit for the brand.” Tim Hortons was founded in 1964 and has more than 4,400 restaurants that serve items such as paninis, sandwiches, baked goods and soups, besides coffee and doughnuts.
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