Tim Hortons UK & Ireland extends master franchise agreement to 2045, issues £26.7m equity for future growth: Tim Hortons UK & Ireland has extended its master franchise agreement with brand owner Restaurant Brands International (RBI) to 2045 and issued £26.7m equity to help support future growth. The company said the agrrement “provides the foundations for the next phase of the group’s sustainable growth plan”. It said since its launch eight years ago, the business has honed and developed its proposition for the UK market; learning valuable lessons about what sites, products and trading formats best complement its offer and customer profile. Tim Hortons UK&I currently operates 69 stores of the Canadian quick service restaurant brand throughout the UK. Going forward, the business said it will look to “emulate the characteristics of its top performing outlets as it embarks on its next phase of growth development”. The agreement follows a strong trading performance from the group in 2025, with system sales growing to £105m (2024: £99m) and like-for-like sales up 9% across the same period. Most recently, the group reported strong trading over the Christmas period with like-for-like sales up 10% year on year. Deepinder Batth, chief executive of Tim Hortons UK&I, said: “Deep work was completed in 2024 and 2025 to triangulate core brand positioning, gap in market and the brand’s right to win in a very competitive coffee shop segment in the UK. This agreement is an important milestone as we continue to scale Tim Hortons brand in the UK market. Both shareholders have shown deep commitment to the opportunity and are fully aligned on the long-term potential of the brand in the market. This agreement demonstrates our shared vision and commitment between RBI and ourselves as we work closely together to build success in the UK and Ireland. Capitalising on the momentum achieved in 2025, this investment will enable us to put our ambitious growth plans into action.”