TH International tastes success with bagels in donut-averse China
The operator of the Tim Hortons chain in China sold 22 million bagel-based products last year, and said it is aiming to return to revenue and same-store sales growth 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…
BRIEF: TH International revenue falls as same-store sales plunge
TH International Ltd. (THCH.US), operator of the Tim Hortons restaurant chain in China, said on Tuesday its revenue fell 17.1% year-on-year to 360 million yuan ($50 million) in the third…
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…
NEWS WRAP: Luckin Coffee serves up a record-breaking 2023
The formerly scandal-tainted coffee chain added 8,000 new stores last year, making it China’s largest operator with 16,248 outlets By Teri Yu Luckin Coffee Inc. (LKNCY.US), the cheap coffee…
CHINA BULLETIN: Foreign Investor Flight
In this week’s issue foreign investor flight, a major mortgage rate cut and a former drug highflyer disbands. On a scale of 1 to 100, we give the week a…
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…
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