China’s franchising boom cooks up new giants, leaves mid-tier Western chains behind
"Geopolitics and the aftermath of Covid provided conditions for Chinese consumers to start favoring domestic brands, to the detriment of Western brands that were not sufficiently or strongly established in…
BRIEF: Burger King owner RBI buys out China master franchisee
Restaurant Brands International Inc. (QSR.US) (RBI) said on Tuesday that it had acquired all shares of the operator of its Burger King chain in Mainland China for $158 million from…
TH International dumps Popeyes to focus on struggling Tim Hortons
The Chinese fast-food operator is raising $50 million in new funding through the sale of convertible notes to its two founding partners Key Takeaways: TH International will return China rights…
TH International expansion plans slow on need for ‘more capital’
The operator of the Tim Hortons chain in China is falling behind its aggressive expansion plans amid disagreement with the brand’s owner about new investment Key Takeaways: TH International needs…
TH International reaches Popeyes goal, but falls short on Tim Hortons
The operator of the two Western fast food chains in China said it has 919 stores, trailing its previously announced goal for 1,000 stores by the end of 2023 Key…
FAST NEWS: TH International relaunches Popeyes chain in China
The Latest: Restaurant operator TH International Ltd. (THCH.US), which also uses the name Tims China, said on Monday it opened its first restaurant from the popular Popeyes fast food chain…
FAST NEWS: TH International continues expansion despite fourth-quarter Covid hit
The Latest: TH International Ltd. (THCH.US), operator of the Tim Hortons restaurant chain in China, reported its revenue rose 34.6% year-on-year in last year’s fourth quarter to 301.5 million yuan…
