OAKVILLE, ON, Canada – Restaurant Brands International Inc. (“RBI”) (TSX/NYSE: QSR, TSX: QSP) has announced the establishment of a master franchise joint venture with an investor in Great Britain.
The joint venture company will be the master franchisee of the TIM HORTONS brand in England, Scotland and Wales, responsible for developing and growing the brand in the market.
“This deal is part of our growth plan to take the iconic TIM HORTONS® brand around the world,” said Daniel Schwartz, CEO of Restaurant Brands International. “Great Britain is an attractive QSR market with a strong and growing coffee culture so it is a natural fit for the brand.”
“This is an incredibly proud moment for the TIM HORTONS® brand as we enter this dynamic market,” said Elías Díaz Sesé, President of Tim Hortons.
“We look forward to bringing some of our signature products to Great Britain and helping our partners build brand awareness and open restaurants to welcome new Guests.”
“We are thrilled to introduce the iconic TIM HORTONS® brand and Canada’s favourite 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.”
This announcement is the most recent by RBI regarding its plans to develop and grow the TIM HORTONS® brand around the world. Last month, RBI announced a master franchise joint venture agreement to develop the TIM HORTONS® brand in the Philippines.
Today, the brand has restaurants across Canada, the U.S. and the Middle East.
About Restaurant Brands International
Restaurant Brands International Inc. (“RBI”) is one of the world’s largest quick service restaurant companies with more than $23 billion in system-wide sales and over 19,000 restaurants in more than 100 countries and U.S. territories.
RBI owns two of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS® and BURGER KING®.
These independently operated brands have been serving their respective guests, franchisees and communities for over 50 years. To learn more about RBI, please visit the company’s website at www.rbi.com.
About TIM HORTONS®
TIM HORTONS®, part of Restaurant Brands International, is one of North America’s largest restaurant chains operating in the quick service segment.
Founded as a single location in Canada in 1964, TIM HORTONS® appeals to a broad range of consumer tastes, with a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products.
As of June 30, 2016, TIM HORTONS® had more than 4,464 system wide restaurants located in Canada, the United States and the Middle East. More information about the company is available at www.timhortons.com.