Canadian food chain unveils big Gulf plans
Montreal, February 7, 2011
Canadian food chain Tim Hortons has signed a licence agreement with Dubai-based Apparel Group to open up to 120 restaurants in the region.
With this deal, Tim Hortons will take its coffee, donuts and sandwiches to the UAE, Bahrain, Kuwait, Oman and Qatar over the next five years, with the Apparel Group selecting locations.
Apparel Group brands include Tommy Hilfiger, Kenneth Cole, Aldo, Aeropostale, Ninewest, and Cold Stone Creamery.
Tim Hortons, traded on the Toronto Stock Exchange and the New York Stock Exchange, has more than 3,000 restaurants in Canada and 567 in the US.
The largest coffee and doughnut chain in Canada, Tim Hortons has some restaurants in the region, prompting the decision to expand, it added.-TradeArabia News Service
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