In the latest news, Restaurant Brands International announced its acquisition of the Popeyes China franchise and a joint investment with private-equity firm Cartesian Capital in Tims China. This move will see up to $50 million in capital infusion for Tims China, the exclusive operator of Tim Hortons in the country. The purchase of the Popeyes China franchise, which currently operates 14 restaurants in Shanghai, will be on a cash- and debt-free basis, with a total capital outlay of up to $45 million.
This strategic partnership highlights Restaurant Brands’ commitment to expanding its presence in the Chinese market. With the right to appoint two directors to the Tims China Board following the investment, Restaurant Brands is poised to leverage its expertise in the quick-service restaurant industry to drive growth and innovation in the region.
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