Tim Hortons

Financing

Tim Hortons China to go public in $1.7B deal

The fast-growing market for the Canadian coffee-and-doughnut chain is merging with a shell company that will take it public in the U.S.

Financing

Tim Hortons hopes higher quality and loyalty breeds success

The coffee-and-doughnut chain has been gradually improving, behind cracked eggs, new coffee and a loyalty program.

He beat out a tough field on the back of the strength of Popeyes' chicken sandwich and the company’s strong international presence.

The Canadian coffee-and-doughnuts chain already has 200 locations in the country and new investors as it looks to further its global expansion.

The chief executive of the parent company of Popeyes, Burger King and Tim Hortons is a Restaurant Leader of the Year finalist, thanks to international growth and chicken sandwiches.

The company is investing $64 million to highlight improvements to its menu and digital strategy and is increasing franchisees’ ad fund contributions.

CEO Jose Cil said the company marketed the brand with the wrong mindset and “lost touch with consistency and quality,” says RB’s The Bottom Line.

The chains will add new technology to more than 10,000 North American restaurants by mid-2022 as drive-thrus become more important to fast-food chains.

The Canadian doughnut-and-coffee chain was working to regain its footing before quarantine sapped the company of its core consumers, says RB’s The Bottom Line.

The chicken chain’s same-store sales rose 19.7% last quarter even as its sister chains both continued to see declines.

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