Article Date 11/07/2018

Image from : Tim Hortons , The Canadian Press

Tim Hortons to open 1,500 restaurants in China

Source Bloomberg

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 decade.

"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."

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