Tim Hortons to open in the Philippines

Tim Hortons picks first stop in Southeast Asia expansion

Western Investor
September 16, 2016


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.

Frank O'Brien is the editor of Western Canada's biggest commercial real estate newspaper, Western Investor, as well as a contributing editor at West Coast Condominium, real estate contributor to Business in Vancouver and a regular media commentator on real estate investment.
Copyright © Western Investor

Email to a Friend

Most Popular
Get the WesternInvestor.com Newsletter