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Canada's Tim Hortons to enter China as it battles slump at home

Reuters 

By Nichola Saminather and Karan Nagarkatti(Reuters) - Fast-food company Restaurant Brands International said on Wednesday it plans to open 1,500 outlets of its Canadian coffee-and-donut chain Tim Hortons in China over the next decade, capitalizing on a growing cafe culture in the world's second-largest economy.The move, its biggest expansion outside of the core Canadian market, is part of new President Alex Macedo's two-pronged strategy to battle intense competition in the fast-food industry at home and to fix its bruised reputation."One is improving and increasing our leadership in Canada, ...

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First Published: Wed, July 11 2018. 20:40 IST
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