QSR - Big Moves In China: Restaurant Brands Sizzles With Popeyes China Tims China Deals | Benzinga
Restaurant Brands International Inc. (NYSE:QSR), the fast-food holding company, announced two strategic transactions in China, reinforcing its confidence in one of the largest quick-service restaurant markets worldwide.
The company has acquired Popeyes China and co-invested with Cartesian Capital in TH International Limited (NASDAQ:THCH), also known as Tims China.
Restaurant Brands’ total capital outlay for these transactions will be up to $45 million. The acquisition of Popeyes China, valued at $15 million, includes 14 restaurants in Shanghai.
Restaurant Brands plans to accelerate restaurant growth through investments in local teams and development, with ...