Tim Hortons Philippines to open
Restaurant Brands International has announced plans to launch its Canadian coffee chain in the Philippines.
Tim Hortons Philippines will join the network of one of the largest quick service restaurant companies with about US$23 billion in sales and more than 19,000 restaurants worldwide.
“This agreement signals an exciting era of growth for the Tim Hortons brand internationally and particularly in Southeast Asia,” said Daniel Schwartz, CEO of Restaurant Brands International.
“The master franchise joint venture model has been a successful strategy for the Burger King brand and we expect it will continue to help us drive growth and build scale for the Tim Hortons brand over the long-term,” said Schwartz.
“In Canada, the Tim Hortons brand has reached an iconic status and now we’re looking to further expand our global footprint by bringing our signature coffee and products to the Philippines,” said Elías Díaz Sesé, president of Tim Hortons.
“We are working with partners who have a deep understanding of the Philippines, which we believe will position them well for success in developing and growing the brand in the region.”
Enrique Yap, CEO of TH Coffee Services Philippines Corporation said “Canada’s favourite coffee will be a welcome addition to the market and we look forward to serving our guests across the Philippines.”