Financing

Tim Hortons has its eyes on India

The coffee and doughnut chain has a deal to add 300 locations in the country over the next decade as it works to continue its international growth.
Tim Hortons India
Photograph: Shutterstock

Tim Hortons is going to India.

The Canadian coffee-and-doughnut chain, owned by Restaurant Brands International, this week signed a deal with Apparel Group and Gateway Partners to open 300 locations of the concept over the next decade.

The first Tim Hortons location is set to open in New Delhi.

The deal gives Tims a fourth country in the Asia-Pacific region where it can expand, including China, where the chain has 400 locations and a deal to go public through a reverse merger.

It also continues the brand’s aggressive international growth. Tims has 5,100 locations throughout the world but it has picked up steam outside the U.S. and Canada in recent years. The company has locations in Mexico, Spain, the U.K., the Middle East, Thailand and the Philippines.

In this instance, it gives Tim Hortons access to a country with more than 1 billion people and a growing restaurant market. “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,” David Shear, president of international for Tims parent company Restaurant Brands International, said in a statement.

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