Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Tim Hortons To Open 1,500 Stories In China Over The Next Decade

Jul 11, 2018 (Baystreet.ca via COMTEX) --

Iconic Canadian coffee and doughnut chain Tim Hortons is aggressively expanding into China with plans to open 1,500 stores in the world's most populous country and second-largest economy.

Tim Hortons announced on Wednesday that it has reached a joint venture agreement with Cartesian Capital Group that will lead to 1,500 Tim Hortons restaurants in China over the next decade. Tim Hortons said the Chinese restaurants will be opened under a master franchise joint venture with private equity firm Cartesian Capital Group.

Tim Hortons, which has more than 4,700 across the world, has seen sales falling over the last two years. In April, the company said it plans to spend $700 million to revamp the coffee chain, following a round of bad publicity over its management of outlets.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 67.75
Nat Gas 2.746
Corn 361 6/8
Cotton #2 88.40
Gold 1227.8
Copper 2.7560
Euro 1.17045
USD Index 94.795
SP500 E-mini 2814.00
DJIA E-mini 25130
close_icon
open_icon