Before the Tim Hortons brand expands globally into world dominance, Daniel Schwartz, CEO of parent company Restaurant Brands, stated the rollout will not happen within the next year.
“We can rush into this and sign a whole bunch of agreements, but we think (this is) the prudent way to do this. It takes some time to make sure you have the right partners, the right supply chain and the right approach. What will define the success of this transaction is our ability to bring Tim Hortons around the world… This deal is first and foremost about growth.” Schwartz said.
Tim Hortons and Burger King merged together last year in a $11 billion deal. Restaurant Brands is majority owned by Brazilian-based 3G Capital.