Restaurant Brands International acquires Popeyes China and co-invests in Tims China Business to drive growth
Restaurant Brands International acquires Popeyes China and co-invests in Tims China Business to drive growth
07/01/24, 12:25 PM
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food and beverage
Restaurant Brands International Inc. has announced the acquisition of Popeyes China and a co-investment with Cartesian Capital into the business of TH International Limited (Tims China). The acquisitions reflect RBI's confidence in the Chinese market, one of the largest QSR markets globally, and its commitment to drive growth in the region. RBI's total amount of capital outlay for the two transactions will be up to $45M.