Canadian multinational fast food restaurant chain Tim Hortons to launch in India
INDIA — Tim Hortons, a leading Canadian multinational fast food restaurant chain, is set to launch in India as part of an exclusive agreement with a joint venture entity owned by Apparel Group and Gateway Partners.
The fast-food chain owned by Restaurant Brands International will open its inaugural restaurant in India’s capital New Delhi later this year.
This will act as a springboard for a wider national rollout that targets to have Tim Horton present in over 300 locations by 2032.
“India is one of the world’s fastest growing markets for coffee and tea retail chains, and Tims is thrilled to be opening there soon,” said David Shear, president of RBI.
“We’re committed to serving India the premium quality coffee and delicious foods that Tims fans in Canada and around the world love. This launch in India is another critical step in our continuing international expansion plans.”
Tim Hortons currently has over 5,100 restaurants in 13 countries including China where its number of locations has gone over 400.
RBI has increased its international presence with Popeyes where recent expansion has seen the brand increase its locations in South Korea, Europe, Saudi Arabia, India, Nepal, Bhutan and Mexico.
Meanwhile, Burger King’s international business comprised nearly 60% of the brand’s global systemwide sales in the fourth quarter of 2021.
Earlier, RBI halted corporate support for its Burger King businesses in Russia citing the ongoing war between Russian and Ukrainian forces.
In a statement, RBI said it “has suspended all of its corporate support for the Russian market, including operations, marketing and supply chain.”
RBI cannot however simply pull the plug on its network of 800 restaurants, as other brands, including McDonald’s, have done in Russia as the business is “fully franchised and managed by a local master franchisee.”
“BK Russia is a standalone business owned and operated by our franchisees in the country,” RBI said in a statement to CNN. “We have long-standing legal agreements that are not easily changeable.”
The chain has however said that it will refuse approvals for any investment or expansion and has promised to redirect any profits from franchised operations to humanitarian aid for Ukrainian refugees.
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