Monday, February 7, 2011

Tim Hortons Exploring International Opportunities

This past week Tim Hortons announced an expansion opportunity for the Persian Gulf region, including the United Arab Emirates, Qatar, Bahrain, Kuqait and Oman. This deal is set to take place over the next 5 years, with up to 120 restaurants opening soon.

Tim Hortons president and chief executive Don Schroeder said Canada and the US will still remain the company's main driver of growth but "there is an opportunity over the long-term to explore international opportunities and seed the Tim Hortons brand in various markets outside of North America."

Tim Hortons currently has over 3,600 stores in Canada and the US, but unlike Canada, the Tim Hortons brand is not as immediately recognized in the US as it is in Canada. Non Canadian stores also bare a different sign for their customers, spelling out the stores specialty which read: "Tim Hortons: cafe and bake shop." Since opening it's first Tim Hortons in Buffalo, N.Y. in 1985, Tim Hortons has expanded it's operations to over 600 stores in a dozen northern states - including Ohio, Kentucky and West Virginia - and has future plans to open an additional 300 locations over the next three years.

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