TORONTO — Restaurant Brands International says it's spending up to $45 million on two deals intended to boost its presence in China and spur growth in what...
TORONTO — Restaurant Brands International says it's spending up to $45 million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market .
The Toronto-based company says it plans to work with local partners and establish a "master franchisee" model for Popeyes similar to what is in place in other countries.RBI also says it plans to partner with Cartesian Capital to invest up to $50 million in Tims China via three-year convertible notes, of which it will receive up to $30 million.
The investment in Tims China will grant RBI the right to appoint two directors to the Board and will see its equity ownership in the business increase to up to 18%, the company said. "We now believe that outlook is less certain and have updated our outlook to reflect a lower level of net unit additions in China this year."
"Given the incredible geographic scope and population of the market, success there requires a serious long-term capital commitment from our partners, a long-term time horizon and a commitment to grow the brand in the face of tough competition."Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying...In this article, we will take a look at the Country That Imports the Most Natural Gas in the World.
Popeyes Louisiana Kitchen China Tim Horton Restaurant Brands International Promising Market
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man who stabbed Mexican tourist at B.C. Tim Horton's released into VancouverPolice say David Morin remains a high risk to the community, will be residing at halfway house
Read more »
Road closures in Toronto this long week for Toronto Pride and Canada Day 2024 eventsHere are some of the closures for Toronto Pride and other events if you're getting around the city this Canada Day long weekend.
Read more »
People are sharing their favourite parts of Toronto that don't really feel like TorontoLong-time residents of Toronto may feel as if they know the city like the back of their hand, but there are still certain parts of the metropolis t...
Read more »
Toronto weather: Air quality statement terminated in TorontoA special air quality statement issued for Toronto and many regions of Ontario today amid soaring temperatures and muggy conditions has been terminated.
Read more »
Toronto weather: Air quality statement issued for Toronto amid heat, humidityGloomy skies, thunderstorms and rain in Toronto have now been replaced by hot and sticky conditions this morning as a prolonged stretch of heat and humidity takes hold in Ontario.
Read more »
Hundreds lining up to apply at Tim Hortons in Toronto shows reality of job marketOver the past several months, multiple videos showing massive lineups for job fairs in and around Toronto have made rounds on social media, with ev...
Read more »