Tim Hortons goes to Great Britain
Aug. 31, 2016
by Erica Shaffer
OAKVILLE, Ontario – Restaurant Brands International Inc. (RBI) has created a master franchise joint venture company with an investor in Great Britain. The joint venture company will be the master franchisee of Tim Hortons in England, Scotland and Wales.
“This deal is part of our growth plan to take the iconic Tim Hortons brand around the world,” Daniel Schwartz, CEO of RBI, said in a news release. “Great Britain is an attractive QSR market with a strong and growing coffee culture so it is a natural fit for the brand.”
RBI is one of the world’s largest quick-service restaurant companies with more than $23 billion in system-wide sales and more than 19,000 restaurants in more than 100 countries and US territories. The company’s most prominent brands include Tim Hortons and Burger King. This agreement marks the second joint venture for RBI, which announced plans in July to develop the Tim Hortons brand in the Philippines.
In the most recent quarter, comparable sales for Tim Hortons increased 2.7 percent, while system-wide sales grew 4.8 percent for the three months ended June 30, 2016.
“We are thrilled to introduce the iconic Tim Hortons brand and Canada’s favorite coffee to Great Britain,” said Gurprit Dhaliwal, CEO of the joint venture company. “Our Guests in England, Scotland and Wales are sure to be delighted with our focus on delivering great products and an exceptional guest experience.”