Restaurant Brands International acquires Popeyes China for $15M and co-invests $30M in Tim Hortons China expansion.
Restaurant Brands International (RBI) has acquired Popeyes China for $15M and co-invested with Cartesian Capital in Tims China, totaling up to $45M in China's QSR market. RBI's investments aim to accelerate Popeyes China's growth and support the expansion of Tim Hortons in China, with plans to establish a traditional master franchise structure with local partners in the long term.
July 01, 2024
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