OAKVILLE, ON, Aug. 2, 2017 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") announced today that it has entered into an agreement with a joint venture partner to develop and grow the TIM HORTONS® brand in Spain.
"We are thrilled to announce plans to launch the iconic TIM HORTONS® brand in Spain, which is one of the largest café markets in Europe," said Daniel Schwartz, CEO of Restaurant Brands International. "We see a unique opportunity for our partner to build brand awareness and open restaurants in this dynamic market."
"Our partner has the right combination of market expertise and QSR experience to help drive growth for the TIM HORTONS® brand in the Spanish market," said Lucas Muniz, Regional President of Tim Hortons, International. "Spain is an attractive growth market that is well suited to the unique offerings available at TIM HORTONS® including our high-quality coffee and fresh food at great value."
"TIM HORTONS® is one of the most iconic quick service restaurant brands, and we believe we are well positioned to introduce the brand to consumers in Spain and rapidly develop the brand in the market." said Gregorio Jimenez, CEO of Restaurant Brand Iberia. "We plan to deliver exceptional service, and great-tasting coffee and food to our Guests in Spain."
This agreement is the latest example of RBI's commitment to deliver on its international growth strategy to expand its iconic brands around the world. RBI has announced similar agreements for the development of the TIM HORTONS® brand in Mexico, Great Britain and the Philippines.
About Restaurant Brands International Inc.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with more than $28 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 40 years. To learn more about RBI, please visit the company's website at www.rbi.com.
ABOUT TIM HORTONS®
TIM HORTONS® is one of North America's largest restaurant chains operating in the quick service segment. Founded as a single location in Canada in 1964, TIM HORTONS® appeals to a broad range of consumer tastes, with a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. TIM HORTONS® has more than 4,600 system wide restaurants located in Canada, the United States, and around the world. To learn more about the TIM HORTONS® brand, please visit the TIM HORTONS® brand website at www.timhortons.com or follow us on Facebook, Twitter and Instagram.
This press release includes forward-looking statements, which are often identified by the words "may," "might," "believes," "thinks," "anticipates," "plans," "expects," "intends" or similar expressions and reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements include statements about RBI's expectations and belief regarding the ability of Restaurant Brand Iberia to build brand awareness and open restaurants in Spain; its expectations and belief that Spain is well suited to the unique offerings available at TIM HORTONS® restaurants, including high quality coffee and fresh food at great value; its expectations and belief regarding the ability of Restaurant Brands Iberia to introduce the TIM HORTONS® brand to consumers in Spain and rapidly develop the brand in the market; its expectations and belief regarding the ability of Restaurant Brands Iberia to deliver exceptional service, and great-tasting coffee and food to its guests in Spain; and its expectations regarding RBI's ability to deliver on its international growth strategy to expand its iconic brands around the world. The factors that could cause actual results to differ materially from RBI's expectations are detailed in filings of RBI with the U.S. Securities and Exchange Commission and on the securities regulatory authorities in each province and territory of Canada, such as its annual and quarterly reports and current reports on Form 8-K and include the following: risks related to RBI's ability to successfully implement its domestic and international growth strategy; and risks related to RBI's ability to compete domestically and internationally in an intensely competitive industry. Other than as required under U.S. federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise.
SOURCE Restaurant Brands International Inc.