Singapore – Popular Canadian coffeehouse and restaurant chain Tim Hortons has announced its expansion to Southeast Asia, starting off with Singapore, and later on to Malaysia and Indonesia.
The expansion was made possible by Tim Hortons APAC and multinational conglomerate Marubeni Corporation. Whilst the launch ofTim Hortons in Singapore has been already set, the expansion to Malaysia and Indonesia is still subject to regulatory approvals and finalising agreements.
Tim Hortons is operated under the Restaurant Brands International (RBI), which also handles other restaurant brands such as Burger King, Popeye’s, and Firehouse Subs.
Said expansion is part of Marubeni’s ‘Next Generation Corporate Development Division’, its first investment in the region. The new division, launched in 2022, aims to invest in businesses that capture the growth of next-generation consumers in Southeast Asia.