Tims China Opens 300th Coffee Shop
Restaurant Brands International Inc. Common Shares (QSR)
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Source: PR Newswire
SHANGHAI, Oct. 26, 2021 /PRNewswire/ -- TH International Limited (together with its wholly owned subsidiaries, "THIL" or "Tims China") announced today that it had opened its 300th coffee shop in China. The milestone store opening in Tianjin was celebrated with 500 guests who visited on opening day, and the occasion marked the launch of a national "Tims 300" marketing program. Tims China holds the exclusive master franchise rights for Tim Hortons coffee shops in China. Formed in 2019 by private equity firm Cartesian Capital Group, Tims China brings an iconic coffee and bakeshop to one of the fastest-growing coffee markets in the world. Tims China offers a broad menu of specialized food and beverages, and boasts three store formats to provide its guests maximum convenience. Currently digital ordering (both in-store and delivery) represents more than 70% of Tims China's total revenues. With this latest opening, Tims China has more than doubled its store count since the start of 2021.
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