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Tim Hortons to open in the Philippines

Tim Hortons picks first stop in Southeast Asia expansion
franchise-tim-hortons

Restaurant Brands International (RBI), the multinational owner and operator of Tim Hortons, has partnered with a group of investors to establish a master franchise joint venture company to sell the fast-food chain’s coffee and doughnuts in the Philippines.

RBI chose the Philippines for its first stop in Southeast Asia because the country has a strong economy and a fast-growing quick-service market, said CEO Daniel Schwartz.

RBI didn’t say how many shops it plans to open in the Philippines. But chief financial officer Joshua Kobza said. “We aim to be a leader in the market.”

Tim Hortons currently has 4,438 outlets. The majority are in Canada, with 14.7 per cent in the U.S. and 2.6 per cent in the Middle East.