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Restaurant Brands International Inc. announces master franchise joint venture to develop and grow the Tim Hortons® brand in the Philippines
Restaurant Brands International Inc. announces master franchise joint venture to develop a...
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[{"type":"text","content":"\n\n\n\nRestaurant Brands International Inc. announces master franchise joint venture to develop and grow the Tim Hortons® brand in the Philippines\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nRestaurant Brands International Inc. announces master franchise joint venture to develop and grow the Tim Hortons® brand in the Philippines\nCanada NewsWire\nOAKVILLE, ON, July 28, 2016\n\n\n\nTHE AGREEMENT MARKS THE ICONIC BRAND'S FIRST FORAY INTO SOUTHEAST ASIA\n\n\n\nOAKVILLE, ON, July 28, 2016 /CNW/ -Restaurant Brands International Inc. (\"RBI\") (TSX/NYSE: QSR, TSX:QSP) has announced the establishment of a master franchise joint venture company, TH Coffee Services Philippines Corporation, with a group of investors in the Philippines. The joint venture company will be the master franchisee of the TIM HORTONS® brand in the Philippines and marks the Canadian coffee chain's opportunity to develop and grow the iconic TIM HORTONS® brand in the Philippines.\n\n\"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.\" \n\n\"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.\" \n\n\"We are proud to introduce the TIM HORTONS® brand to the Philippines, which is home to approximately 100 million people today,\" said Enrique Y. Yap, Jr. CEO of TH Coffee Services Philip...