Thu, Mar 02, 2023, 15:53:00
Tim Hortons, commonly nicknamed Tim's or Timmie's, is a multinational coffee house and restaurant chain from Canada. This Toronto-based coffee chain now boasts more than 5,600 outlets worldwide.
Restaurant Brands International, Tim Hortons' parent company, and Marubeni entered into a partnership last year to open additional coffee shops in Singapore, Malaysia, and Indonesia, according to Nikkei Asia.
According to the proposal, by 2033, hundreds of new Tim Hortons locations will have opened.
Marubeni expects to begin establishing franchises in Singapore and Malaysia at the start of the next fiscal year, while outlets being operational in Indonesia in 2024.
This is the first Tim Hortons’ Southeast Asian franchise in a pact with Marubeni.
The Japanese firm wants to take advantage of its existing retail network in Southeast Asia, which currently offers pharmaceuticals and cosmetics.
