THIS AGREEMENT IS THE FIRST OF ITS KIND FOR
THE ICONIC CANADIAN BRAND IN
EUROPE
OAKVILLE, ON, Aug. 31, 2016 /PRNewswire/ - Restaurant Brands
International Inc. ("RBI") (TSX/NYSE: QSR, TSX: QSP) has announced
the establishment of a master franchise joint venture with an
investor in Great Britain. The
joint venture company will be the master franchisee of the TIM
HORTONS® brand in England, Scotland and Wales, responsible for developing and growing
the brand in the market.
"This deal is part of our growth plan to take the iconic TIM
HORTONS® brand around the world," said
Daniel Schwartz, CEO of Restaurant
Brands International. "Great
Britain is an attractive QSR market with a strong and
growing coffee culture so it is a natural fit for the brand."
"This is an incredibly proud moment for the TIM
HORTONS® brand as we enter this dynamic market,"
said Elías Díaz Sesé, President of Tim Hortons. "We look forward to
bringing some of our signature products to Great Britain and helping our partners build
brand awareness and open restaurants to welcome new Guests."
"We are thrilled to introduce the iconic TIM
HORTONS® brand and Canada's favourite coffee to Great Britain," said Gurprit Dhaliwal, CEO of the joint venture
company. "Our Guests in England,
Scotland and Wales are sure to be delighted with our focus
on delivering great products and an exceptional Guest
experience."
This announcement is the most recent by RBI regarding its plans
to develop and grow the TIM HORTONS® brand around
the world. Last month, RBI announced a master franchise joint
venture agreement to develop the TIM HORTONS® brand in the Philippines. Today, the brand has
restaurants across Canada, the
U.S. and the Middle East.
About Restaurant Brands International
Restaurant
Brands International Inc. ("RBI") is one of the world's largest
quick service restaurant companies with more than $23 billion in system-wide sales and over 19,000
restaurants in more than 100 countries and U.S. territories. RBI
owns two of the world's most prominent and iconic quick service
restaurant brands – TIM HORTONS® and BURGER
KING®. These independently operated brands have been
serving their respective guests, franchisees and communities for
over 50 years. To learn more about RBI, please visit the company's
website at www.rbi.com.
About TIM HORTONS®
TIM
HORTONS®, part of Restaurant Brands
International, is one of North
America's largest restaurant chains operating in the quick
service segment. Founded as a single location in Canada in 1964, TIM HORTONS®
appeals to a broad range of consumer tastes, with a menu that
includes premium coffee, hot and cold specialty drinks (including
lattes, cappuccinos and espresso shots), specialty teas and fruit
smoothies, fresh baked goods, grilled Panini and classic
sandwiches, wraps, soups, prepared foods and other food products.
As of June 30, 2016, TIM
HORTONS® had more than 4,464 system wide
restaurants located in Canada,
the United States and the
Middle East. More information
about the company is available at www.timhortons.com.
Forward-Looking Statements
This press release includes forward-looking statements, which
are often identified by the words "may," "might," "believes,"
"thinks," "anticipates," "plans," "expects," "intends" or similar
expressions and reflect management's expectations regarding future
events and operating performance and speak only as of the date
hereof. These forward-looking statements include statements
about: RBI's belief and expectations that Great Britain is a dynamic and attractive
market and that its strong and growing coffee culture makes it a
natural fit for the brand; RBI's belief and expectations that by
bringing its signature products to Great
Britain it will help its partners build brand awareness and
open restaurants to welcome new guests; and RBI's belief and
expectations regarding its ability to develop and grow the TIM
HORTONS® brand around the world. The factors that could cause
actual results to differ materially from RBI's expectations are
detailed in filings of RBI with the U.S. Securities and Exchange
Commission and on the securities regulatory authorities in each
province and territory of Canada,
such as its annual and quarterly reports and current reports on
Form 8-K and include the following: risks related to RBI's
ability to successfully implement its domestic and international
growth strategy; and risks related to RBI's ability to compete
domestically and internationally in an intensely competitive
industry. Other than as required under U.S. federal
securities laws or Canadian securities laws, we do not assume a
duty to update these forward-looking statements, whether as a
result of new information, subsequent events or circumstances,
change in expectations or otherwise.
SOURCE Restaurant Brands International Inc.