Tim Hortons is making a dramatic entry in the world's second-largest economy.
The iconic Canadian coffee and doughnut chain announced on Wednesday
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
"China's population and vibrant economy represent an excellent growth
opportunity for Tim Hortons in the coming years," said Tim Hortons
President Alex Macedo in a release.
“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."