Tim Hortons is Expanding in a Major Way
One of the country’s most popular coffee chains is expanding in a major way.
Tim Hortons recently announced that it has entered into an exclusive franchise and development agreement, to develop the Tim Hortons brand in Thailand with WeEat Company, part of the Wattanavekin family group of companies.
“We are proud to partner with Tim Hortons to launch and develop this great brand in Thailand. We look forward to opening the doors of our first Tim Hortons restaurant and sharing Canada’s favorite coffee with our guests,” Nick Wattanavekin, CEO of WeEat Company, said in a statement.
Founded as a single location in Canada in 1964, Tim Hortons now has more than 4,800 restaurants in Canada, the United States, and other parts of the world. This includes restaurants in Mexico, the U.K., Spain, the Philippines, Chinaand now as of June 6, 2019, Thailand.
Although this was a big leap for Tims, it was an even bigger one for Restaurant Brands International Inc. (RBI), which owns Tim Hortons, as well as other big-name quick service restaurant brands such as Burger King, and Popeyes.
“We are very excited to grow the Tims brand in Thailand as part of our broader global growth strategy,” Tim Hortons President Alex Macedo, said in a statement. “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.”
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