Tim Hortons master franchisee in China enters deal to develop Popeyes in China

TORONTO –

The father or mother firm of the grasp franchisee of Tim Hortons espresso outlets in China says it has signed a deal for the unique improvement of Popeyes in mainland China and Macau.

TH International Ltd., usually branded Tims China, says the transaction will likely be overseen by an unbiased audit committee and is topic to customary closing circumstances.

Peter Yu, chairman of Tims China, says the espresso and doughnut chain has been a hit in China, with its 600 areas anticipated to develop to a thousand by the top of 2023.

He says the corporate is aiming to construct on that success with the launch of the favored fried rooster restaurant, including that Popeyes will convey “significant operational and development synergies.”

Yongchen Lu, CEO of Tims China, says Tims and Popeyes are a “natural fit” with complementary product choices and distinctive development potential.

TH International Ltd., the father or mother firm of the unique grasp franchisee of Tim Hortons espresso outlets in China, was based by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International.

This report by The Canadian Press was first printed Feb. 8, 2023