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Canada's Tim Hortons to open 1,500 stores in China


(Reuters) - Canadian coffee chain Tim Hortons is pushing into China with plans to open 1,500 outlets in the world's second largest economy over the next 10 years, the company said on Wednesday.Restaurant Brands, which owns Tim Hortons as well as Burger King chains, said its Chinese restaurants will be opened under a master franchise joint venture with private equity firm Cartesian Capital Group."China's population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years," President Alex Macedo said in a statement.China is a fast-growing market for ...

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First Published: Wed, July 11 2018. 19:04 IST