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Tim Hortons Announces 80 New Restaurants, Renovations
Restaurant Brands International will invest $400 million as Tim Hortons expands in growing markets and speeds up remodels after years of slower growth.
- On Friday, Tim Hortons announced plans to open 80 new restaurants and renovate 400 existing locations across Canada this year, representing a $400 million total investment by Restaurant Brands International Inc. and its franchisees.
- With the Canadian population growing about 10 per cent since 2019, Tim Hortons chief operating officer Naira Saeed said the chain aims to capture the morning market, which accounts for 34 per cent of visits and roughly $11 billion in annual sales.
- The initiative utilizes Canadian-owned businesses and 100 per cent Canadian-sourced maple for furniture, with investments of about $165 million in Ontario and about $62 million in Alberta, where 17 new restaurants will be built.
- Renovations include upgraded kitchen equipment and clearer digital ordering layouts to improve service speed, with Tim Hortons president Axel Schwan stating, "These are Canadian families investing their own money in their own communities."
- While Montreal-based Foodtastic Inc. recently announced plans to revive Dunkin in Canada, Saeed stated the Tim Hortons expansion is not a reaction to that news, as the chain currently operates roughly 4,000 restaurants.
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Renovations coming to two Tim Hortons in Red Deer and one in Rocky
Two Tim Hortons in Red Deer and one in Rocky Mountain House are part of a national plan to renovate 400 existing Tim Hortons this year. The Red Deer restaurants, located at 4217 50th Ave. and 5111 22nd St., are among 49 locations in Alberta slated for renovation. Across Canada, 80 new Tim Hortons will also be built, including 17 in Alberta. Tanya Doucette, owner of the Rocky Mountain restaurant, said her restaurant is the town’s original Tim Hor…
Inside Ottawa Valley+4 Reposted by 4 other sources
Tim Hortons announces 80 new locations across Canada, including 26 in these Ontario communities
Tim Hortons is launching a massive $165M expansion across Ontario, constructing 26 new locations and upgrading 188 others as rival Dunkin’ prepares to return.
·Ottawa, Canada
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Coverage Details
Total News Sources14
Leaning Left6Leaning Right1Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 22%
11%
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