TH International, the operator of Tim Horton's coffee shops in China, is to take over the operations of fried chicken chain Popeyes, the company said Wednesday.
Both Tim's and Popeyes were previously owned by Restaurant Brands International (RBI), which also owns Burger King. TH International was founded by RBI and venture capital Cartesian Capital Group in 2019 when Tim's first entered China.
Popeye's entered the Chinese market in May 2020 amid the pandemic. Its initial goal was to open 1,500 shops in China in ten years, but shut down seven of its nine shops in August last year.
