Coffee chain Tim Hortons, a division of Restaurant Brands International, Inc, has announced an exclusive master franchise and development agreement with WeEat Company, which will launch Tim Hortons brand to Thailand. WeEat Co is part of the Wattanavekin family group of companies.
Alex Macedo, President of Tim Hortons, said, “We are very excited to grow the Tim brand in Thailand as part of our broader global growth strategy. Thailand has a thriving coffee market and our partner has a deep understanding of the Thai market, which we believe will position us well for success in the country.”
Last fall, Tim Hortons announced plans to launch over 1,500 restaurants in China over the next 10 years as part of an exclusive master franchise joint venture agreement with Cartesian Capital Group, L.L.C. In recent years, the company also introduced the Tim Hortons concept in Spain, Mexico, Great Britain and the Philippines.
Founded as a single location in Canada in 1964, Tim Hortons is one of North America’s largest restaurant chains operating in the QSR segment. At present, the company has more than 4,800 systemwide restaurants located in Canada, the United States and around the world.
Tim Hortons India has expanded its presence in the hospitality sector with the simultaneous launch of its 36th and 37th stores in Ahmedabad and Bangalore. The openings mark a significant step in the brand’s growth, offering its coffee and food experiences to more customers in India’s vibrant retail market.
The Ahmedabad store is situated in Navrangpura, a central neighborhood known for its bustling activity. Designed with modern yet warm interiors, it aims to provide a comfortable setting for customers. Similarly, the Bangalore store in HSR Layout offers a spacious and relaxed ambiance, catering to both work and leisure needs.
Both locations maintain Tim Hortons’ focus on delivering high-quality coffee and food. Guests can enjoy popular menu items such as the Frozen French Vanilla, Iced Capps, and a range of baked goods and savory options, reflecting the brand’s dedication to its global standards.
Tarun Jain, CEO of Tim Hortons India stated, “We are excited to expand our footprint in two vibrant cities, Ahmedabad and Bangalore, on the same day. These new stores reflect our commitment to create a welcoming space where guests can enjoy great coffee, delightful food, and cherished moments. As we continue to grow, we remain dedicated to offering an unparalleled experience to our customers across the country.”
With 37 stores now operating across India, Tim Hortons is strengthening its foothold in the country’s growing hospitality market. Each store is designed to blend the brand’s heritage with a distinctive experience for its customers, reinforcing its position as a destination for coffee enthusiasts and food lovers.
Tim Hortons, the globally recognized coffee chain, has opened its 32nd store in India, marking its first presence in Ahmedabad, Gujarat. The new outlet, located on the ground floor of Sardar Vallabhbhai Patel International Airport's Domestic Arrivals, is a strategic addition to the brand's ongoing expansion in India, providing travelers and locals with access to Tim Hortons' renowned coffee and food offerings.
The Ahmedabad store operates around the clock, offering a welcoming atmosphere for travelers and residents. The menu features Tim Hortons' signature 100 percent premium Arabica coffee and a selection of refreshing beverages and made-to-order food options. Customers can enjoy popular items like the Frozen French Vanilla, Cheese Melts, Donuts, and Timbits. A standout feature of this new location is the glass facade donut station, where customers can observe the preparation and decoration of fresh donuts.
Tim Hortons has incorporated local cultural elements into the store's design to celebrate its entry into Ahmedabad. The wall decor includes hand-stitched patterns inspired by the iconic motifs of Kutch, Gujarat. A prominent feature is a large decorative Tim Hortons cup adorned with intricate Kutch embroidery, symbolizing the brand's connection to the region's cultural heritage while maintaining its modern aesthetic.
Tarun Jain, CEO of Tim Hortons India said, "We are incredibly excited to bring Tim Hortons to Ahmedabad, a city known for its vibrant culture, colors, and warm hospitality. Our new store at Domestic Arrivals, Sardar Vallabhbhai Patel International Airport, will serve as a gateway for travelers to experience our signature blends and delicious treats. We look forward to creating memorable moments and forging lasting connections with every guest who walks through our doors in Ahmedabad."
With this new location, Tim Hortons aims to become a preferred destination for travelers and coffee enthusiasts at the busy Ahmedabad airport, offering a relaxing spot to recharge before or after a journey.
Tim Hortons is marking the grand opening of two new locations, one in Atlanta and the other in Fairburn, Georgia.
The festivities are scheduled for April 12th, with the first 100 visitors at each restaurant receiving a Tim Hortons gift card.
Furthermore, attendees have the opportunity to buy any size of hot or iced coffee for only 99 cents and a 10-pack of Timbits for just $1.
The Fairburn grand opening festivities will feature complimentary Iced Capp beverage samples while stocks last, along with entertainment for children including a bouncy castle and inflatable slide, as outlined in a press release.
Katerina Glyptis, the U.S. president of Tim Hortons, expressed gratitude for the warm reception from the Columbus community and excitement about the brand's expansion in Georgia with two new restaurants in Atlanta. Highlighting Tim Hortons' 40-year presence in the U.S., Glyptis looks forward to introducing the brand to more Americans in 2024, with plans for additional restaurant openings and entry into new markets.
Glyptis also shared her delight in hearing from Tim Hortons enthusiasts nationwide eager for the brand to arrive in their neighborhoods.
Founded in 1964, Tim Hortons has grown into a global brand with over 5,700 stores worldwide.
TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, has opened 10th Popeyes store in Shanghai, marking a significant milestone.
In March, Tims China acquired the exclusive rights to operate and franchise Popeyes in mainland China and Macau. Since then, Tims China has repositioned the Popeyes brand for the Chinese market and has sold over 150,000 pieces of its iconic, original American crispy chicken.
“We are excited to reach this key milestone in four months. Between our Popeyes and Tim Hortons stores, we now operate 919 stores across China. We have seen a strong demand from our customers for our innovative products from both brands, and we are confident that this demand has a lot of room to grow even further from here,” shared Yongchen Lu, CEO, Tims China.
Looking ahead, Popeyes is set to expand across China, with plans to open 500 more stores in the next five years and 1,700 stores over the next decade.
Tim Hortons India, the iconic Canadian coffee chain is elated to celebrate its first birthday across the Indian region.
To celebrate this milestone occasion, Tim Hortons announced an exclusive offer which will allow their customers to indulge in their favourite signature beverages and melts at ₹199.
The brand launched its flagship outlet in Delhi last year. Since then, it has rapidly expanded to 17 outlets in marking its remarkable journey in the Indian market.
"It's a moment of immense pride and joy for us as we complete our first year in India. We’re overwhelmed by the warmth and enthusiasm with which Indian customers have embraced Tim Hortons," said Tarun Jain, CEO, Tim Hortons India by adding that the journey has been incredible in the last one year.
Currently Tim Hortons operates in Delhi NCR, Punjab, and Mumbai, and is soon expanding its presence to Bangalore.
On August 10th, 2023, all small beverages on the Tim Hortons menu will be available for just ₹199. Additionally, on August 11th, 2023, customers will be able to pamper their taste buds with both small beverages and signature cheesy melts for only ₹199. “
Tim Hortons has more than 5,600 restaurants around the world with 17 stores across 5 cities in India.
Owner of Tim Hortons, Burger King and Popeyes, Restaurant Brands International Inc has recorded a robust Q2 with consolidated system wide sales growth of 14% plus year over year generating over $40 billion and a 10% plus global comparable sales increase.
RBI also owns Firehouse Subs.
As per the release, Restaurant Brands Inc crossed the 30,000 restaurant mark.
The brand recorded net income of $351 million versus $346 million in 2022.
It also posted adjusted EBITDA of $665 million increased 10.3% organically versus last year.
"I am very proud of the continued performance of our teams and our franchisees who helped drive 14% growth in system wide sales and another quarter of improved franchisee profitability. We are generating positive momentum and results behind each of our iconic brands by focusing on new menu innovations, supported by exceptional marketing and operations,” shared CEO Josh Kobza by adding that the team is very motivated by the significant growth opportunities ahead of them in their home markets and around the world.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with more than $35 billion in annual system-wide sales and over 29,000 restaurants in more than 100 countries.
Burger King U.S.-Canada and Tim Hortons U.S. made announcements regarding the promotion of new executives to leadership positions.
Restaurant Brands International Inc., headquartered in Toronto, has announced that its Burger King division, based in Miami, has promoted Peter Perdue to the position of Chief Operating Officer (COO) for the United States and Canada.
In this role, Perdue will be responsible for supervising operations across the 7,200 Burger King restaurants located in North America.
The company stated that Perdue will continue to report to Tom Curtis, who serves as the President of Burger King U.S. and Canada.
In addition, Tim Hortons has appointed Katerina Glyptis as the President of its U.S. division, with a reporting line to Axel Schwan, the President of Tim Hortons Canada and the U.S. Glyptis, who has been with RBI in different capacities for nine years, most recently held the position of Vice President of Franchise Operations for Burger King restaurants in both the U.S. and Canada.
Curtis, commenting on Perdue's promotion, stated, "Enhancing operational consistency is crucial for the success of our 'Reclaim the Flame' strategy. Peter has demonstrated his expertise in collaborating with franchisees to drive profitability through operational initiatives. He has also provided valuable support to restaurants through our field team and leveraged his experience in overseeing our business in the Asia Pacific region. As one of the key contributors to our current plan, he is a reliable and trusted partner for our franchisees."
Burger King, established in 1954, operates over 18,700 establishments across more than 100 countries and U.S. territories. In comparison, Tim Hortons, founded in Canada in 1964, has a system wide presence with approximately 5,600 restaurants.
Canada's iconic coffee brand Tim Hortons® is opening its store in Mumbai.
The newly launched coffee shops will be in two city hotspots - Bandra West, Linking Road and Andheri, Lokhandwala.
Mumbaikars will be able to enjoy the signature Tim Hortons coffee from 5PM onwards on 27th May at Supreme Headquarters, Off Linking Road, Bandra West.
The Andheri Lokhandwala outlet opens the next day on 28th May from 11AM at Samarth Siddhi Apartments.
“We’re thrilled to expand our brand footprint in Mumbai. After a resounding customer response in North, we intend to create the same love & warmth for our guests in Mumbai. Bringing the brand experience to Mumbai is part of our commitment to expanding Tim Hortons to other regions while penetrating deeper in our chosen geographies,” shared Tarun Jain, CEO of Tim Hortons franchise in India.
Starting tomorrow, guests can enjoy 100% premium Arabica coffee and get a taste of Tim Hortons iconic beverages like the creamy and rich French Vanilla, and the signature Iced Capp™ blended frozen coffee, along with made-to-order food, and baked goods like delicious bite-sized morsels called Timbits and hand-decorated donuts.
Guests can also indulge on classic favourites like the Five Cheese Melts as well as on a local selection of popular Mumbai snacks like the Baida Roti Cigar Rolls and Pinwheel Samosas.
Restaurant’s cosy interiors are inspired by Canadian nature with touches of Mumbai like the art deco architecture, Warli art and Paithani designs.
“It’s brilliant to see how enthusiastically India has welcomed Tim Hortons, and we’re particularly excited about bringing our premium coffee and delicious food into new regions in India,” added David Shear, President – International, Restaurant Brands International.
Tim Hortons entered the Indian market on August 2022 in Delhi. With the addition of two more restaurants in Mumbai, they now have 15 restaurants across 7 cities in India.
“This milestone is a significant step towards our long-term potential to grow the brand in India, increase market share and strengthen our position as the leading retailer of Tim Hortons,” said Neeraj Teckchandani, CEO of Apparel Group by adding that the brand is committed to continuously evolving and curating their offerings and adapting to the region’s preferences and culture.
Owners of Burger King, Tim Hortons and Popeyes, Restaurant Brands International Inc. has appointed Joshua Kobza as Chief Executive Officer (CEO) effective March 1, 2023, as part of its ongoing succession planning process.
Kobza has held increasingly senior roles with the company over the last 11 years, including Chief Financial Officer (2013-2018), Chief Technology Officer and Development Officer (2018-2019) and Chief Operating Officer (2019-2023), including accountability for strategy, technology, human resources, global procurement, supply chain and international development.
He was integral to the acquisitions of Tim Hortons in 2014, Popeyes in 2017 and Firehouse Subs in 2021.
“Over the past several years, the Board of Directors has worked with management to build a thoughtful succession plan for key positions, so this is a natural transition for Josh to lead our next phase of growth. Personally, I’m motivated to work with and help such a talented person like Josh as he steps into this new leadership position,” said Patrick Doyle.
Kobza will undertake his new role reporting to, and working together with, Patrick Doyle, a well-known industry veteran and Executive Chairman of RBI. José Cil will remain with the company for one year as an advisor and assist in the transition.
“We’ve made great progress over the past few years and I’m very proud of the team we have built at RBI. I’ve worked closely with Josh for many years and I am looking forward to supporting him through this transition as we work to accelerate our business further,” added José Cil.
“I am excited to lead the company and work closely with our business Presidents to put our franchisees at the center of our success and accelerate the growth we know our brands are capable of,” said Josh Kobza.
Restaurant Brands International Inc. (“RBI”) is one of the world’s largest quick service restaurant companies with over $35 billion in annual system-wide sales and approximately 30,000 restaurants in more than 100 countries.
RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.
Owners of Burger King, Tim Hortons and Popeyes, Restaurant Brands International recently entered into a regional partnership with the Ant Group.
With this partnership the company aims to leverage Ant Group’s digital solutions across RBI's restaurants in the Asia Pacific market.
"We couldn't be more excited to launch this groundbreaking partnership with Ant Group, which further supports our mission to make ordering and dining as easy as possible for our guests and leveraging payments to provide a more convenient and personalized experience," shared Ekrem Ozer, President- APAC, Restaurant Brands International by adding that franchisees across Asia will soon be able to benefit from the advantages of digitization across operations and the mini programs' integration into other digital platforms.
Under the collaboration, Ant Group will work with RBI's local franchisees to implement a range of digital solutions, including mini program SaaS solution and Alipay+, a suite of global cross-border mobile payments and marketing solutions.
"Leveraging digital payments and marketing innovations is critical for industries like food and beverage to provide contactless services, boost operational efficiency, and adapt to the fast-changing market conditions," added Angel Zhao, President, Ant Group's International Business Group.
The collaboration aims to enable a more convenient and seamless omni-channel experience for local diners and to uplift the restaurants' operational efficiency.
This activation will take place across eight selected markets in Asia Pacific, and 1,500 restaurants across all three RBI brands.
Tim Hortons has promoted Axel Schwan to Regional President of its Canada and the US business, effective immediately. Earlier, he was the Global Chief Marketing Officer at Tim Hortons.
Schwan will continue to report to Alex Macedo, Global Brand President at Tim Hortons.
In its new role, Axel will oversee growing the restaurant business in both markets with a particular focus on delivering stable, profitable growth in both markets.
Axel Schwan said, “I am deeply humbled to work at such an iconic brand as Tim Hortons. Having grown up in a family of restauranteurs and working as a restaurant operator myself, I look forward to continuing to work closely with our 1,500 restaurant owners across Canada and the rest of the Tim Hortons family in providing exceptional products and service to all our guests.”
Alex Macedo stated, “Since joining the Tim Hortons brand two years ago, Axel has led our innovation work in coffee, including developing our new Fresh Brewers – our largest coffee innovation in 55 years. He has been essential to our work underway today on our core product innovation pipeline in breakfast, donuts and baked goods and has led our efforts in brand-based advertising.”
The fast food chain has over 4,800 system-wide restaurants located in Canada, the United States and around the world.
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Restaurant Brands International Inc that runs Tim Hortons has removed Beyond Meat Inc's burgers and sandwiches from its menu.
The breakfast chain has done a nationwide roll-out except in Ontario and British Columbia restaurants.
Beyond Meat's shares fell nearly 6%, while Restaurant Brands' stock was down about 1% on Wednesday, reported Reuters.
"Both the Beyond Burger and Beyond Meat breakfast sandwiches were introduced as a limited-time offer," said Restaurant Brand in a statement by adding that they may explore offering the product again in other provinces at a future date based on ongoing guest feedback.
Tim Hortons said in July it was expanding plant-based meat additions in nearly 4,000 restaurants. There are about 4,800 Tim Hortons restaurants in North America.
Beyond Meat said the menu items were introduced as a limited-time offering and could be brought back in the future.
Pic Courtesy: Plant Based News
Tim Hortons, owned by Restaurant Brands International, is adding JUST Egg vegan omelettes at select Canadian locations, including in Kitchener-Waterloo and Vaughn. With this, the fast-food chain expands its vegan options.
The coffee chain has signed a deal with US company Just Egg for bringing the new product.
Tim Hortons is market testing the mung bean-based egg omelettes, which can be ordered atop breakfast sandwiches. Plant-based eggs are gaining momentum in the food industry with US company Just Egg sealing a deal this week with Canadian coffee chain Tim Hortons.
The brand is planning a nationwide rollout in the coming weeks.
Andrew Noyes, Spokesman of JUST, said, “Canada is one of the most requested markets for Just and we’re excited to be able to offer our product at select Tim Hortons locations for this market test.”
Jane Almeida, Spokeswoman of Tim Hortons, stated, “We are always listening to our guests and testing a wide variety of potential products in select restaurants across the country. As you know, we recently introduced our Beyond Meat breakfast sandwiches and Beyond Burger. As we continue to test and get feedback, we will consider expanding plant-based options into other menu items.”
Tim Hortons started offering meat substitutes last year when it partnered with Beyond Meat to launch the Beyond Burger to its menu.
Tim Hortons, Canada’s largest quick service restaurant chain, has come out with a brand new meatless option by adding Beyond Meat burgers to its menu.
Tim Horton’s Beyond Burger is the newest addition to its 100% plant-based patty menu options. The meatless burgers will soon be made available at over 4000 locations, nationwide.
This addition comes just one month after Tim Hortons launched three Beyond Meat breakfast offerings to its menu. With Beyond Meat burgers, the company is serving burgers at its restaurants for the first time.
Mike Hancock, Chief Operating Officer of Tim Hortons, said, “We’re excited to be able to offer our guests a burger for the very first time. Our guests are looking for more options and the Beyond Burger is a delicious addition that doesn’t compromise on taste or satisfaction.”
Ethan Brown, Founder and Chief Executive, Beyond Meat, stated, “The company wanted to expand its partnership with Tim Hortons to lunch and dinner following the success of the Beyond Meat breakfast sandwich.”
“With more and more Canadians interested in incorporating plant-based proteins into their diet, we are excited to be able to make our Beyond Burger available at Tim Hortons restaurants across Canada,” Brown added.
Restaurant Brands International Inc is planning to expand the global presence of its three brands, Burger King, Tim Hortons and Popeyes Louisiana Kitchen, to more than 40,000 restaurants over the next 8-10 years. With this, Restaurant Brands International will be one of the largest restaurant companies in the world.
Currently, these three brands have 26,000 outlets. Restaurant Brands aims to boost its businesses by deploying various initiatives ranging from app-based ordering to loyalty programs for its customers.
The company is expecting its coffee, burger and chicken markets to grow between 5% and 6% per year over the next 5 years.
Last month, Restaurant Brands posted a 0.6% drop in comparable sales at Tim Hortons for the quarter ended March 31, while same-store sales at Burger King grew 2.2%, less than 3.8% a year earlier.
Jose Cil, Chief Executive Officer, Restaurant Brands International Inc, said, "RBI is fundamentally a growth company, with three amazing, iconic brands that we believe have a very long runway for growth, both at home and around the world. We have a proven history of generating very strong returns for our shareholders and today we are excited to share more insight than we ever have before to support our belief that all three brands have substantial growth ahead."
Tim Hortons, one of North America’s largest quick-service restaurant chains, announced that it has entered into an exclusive master franchise joint venture agreement with Cartesian Capital Group to develop and open more than 1,500 Tim Hortons restaurants throughout China over the next ten years.
“We have two main priorities at Tim Hortons: building and strengthening our brand in Canada; and expanding our iconic Canadian brand to the rest of the world,” said Tim Hortons President Alex Macedo.
Macedo added, “China’s population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years. We have already seen Canada’s Chinese community embrace Tim Hortons and we now have the opportunity to bring the best of our Canadian brand to China with established partners who have expertise in the industry and the country.”
“We are excited to expand our partnership with Restaurant Brands International to bring Tim Hortons to China,” said Peter Yu, Managing Partner of Cartesian.
Yu added, “Tim Hortons has a long, rich history of providing guests with quality food and premium coffee. We plan to expand that tradition to China, drawing on 20 years of experience building businesses in China and around the world.”
Restaurant Brands International has reported a better-than-expected profit for the fourth quarter as it expanded the number of Burger King and Tim Hortons locations around the world and reaped in higher sales.
The Oakville, Ontario company has said that it sees potential for expansion for the famous chains outside their home markets, and has struck franchising deals with local operators around the world to do so. For instance, Restaurant Brands says it now was more than 100 Burger King locations in France, compared with none just a few years ago.
In the last three months of 2016, the company opened 495 Burger King locations globally, ending the year with 15,738 stores.
For Tim Hortons, it added 121 stores in the period, bringing the total to 4,613.
RBC Capital Markets analyst David Palmer noted that the company has cited savings initiatives such as cost reductions in the supply chain.
At established locations, the company said Burger King's sales rose 2.8 percent, including 1.8 percent in the U.S. and Canada. Restaurant Brands does not disclose how much of that increase was driven by higher spending, versus an increase in the number of customer visits. The latter is seen as a key indicator of health that major chains including McDonald's and Dunkin' Donuts have struggled with amid heightened competition.
Tim Hortons' sales edged up 0.2 percent globally. For the period ended Dec. 31, Restaurant Brands earned USD185.9 million, or 50 cents. Earnings, adjusted for one-time items, came to 44 cents per share. That was two cents more than Wall Street expected, according to Zacks Investment Research.
Total revenue was USD1.11 billion in the period.
Restaurant Brands shares have climbed nearly 8 percent since the beginning of the year. The stock has increased 69 percent in the last 12 months.
Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, reported by Reuters, a better-than-expected quarterly profit as new menu items helped attract customers.
The world's third-largest fast-food restaurant group's shares rise 7.5 percent to a five-month high on Monday after both chains posted a rise in second-quarter comparable restaurant sales.
The company said comparable sales at Tim Hortons raised 5.5 percent and Burger King's comparable sales rose by 6.7 percent, during the quarter.
In this quarter, Restaurant Brands opened 52 net new Tim Hortons restaurants and 141 net new restaurants at Burger King.
The company, posting second-quarter results for the first time, reported a net profit attributable to shareholders of $9.6 million or 5 cents per share, for the three months ended June 30, compared with a loss of $8.1 million or 4 cents per share.
in the first quarter. According to Thomson Reuters I/B/E/S, the company reported a profit of 30 cents per share, beating average analysts estimate of 25 percents. Revenue rose nearly 12 percent to $1.04 billion, narrowly beating analysts' expectations of $1.01 billion. Till Friday's close, Toronto-listed shares had risen nearly 15 percent by this year, at the same time its US-listed shares were up nearly three percent.
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