Tim Hortons has entered into an exclusive master franchise joint venture agreement with Cartesian Captial Group to develop and open more than 1,500 restaurants throughout China over the next ten years.
"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,” says Tim Hortons President Alex Macedo.
Founded in 1964, Tim Hortons has more than 4,700 restaurants globally.