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…
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…
Tim Hortons Gobbles Up Popeyes in China
TH International, operator of Tims China, said it has reached an agreement to also operate the popular U.S. fried chicken chainKey Takeaways:TH International will take over operation of the Popeyes…
