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RBI Acquires Popeyes China and Plans to Accelerate Growth Co-investment alongside Cartesian Capital in Tims China Business TORONTO, July 1, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) (TSX:QSP) ("RBI", "Company") announced today two transactions in China, the acquisition of Popeyes China, and the co-investment with Cartesian Capital into the business of TH International Limited ("Tims China") (NASDAQ:THCH). The two transactions reflect RBI's confidence in China, one of the largest QSR markets globally, and its commitment to drive growth in the market. RBI's total amount of capital outlay will be up to $45M for the two transactions.
SHANGHAI, Jan. 27, 2025 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company"), is thrilled to announce the grand opening of its first store in Nanchang, Jiangxi Province. This milestone further solidifies Tims China's nationwide presence, extending its footprint to 27 of the country's 34 province-level geographies. [Nanchang Store and Chinese New Year 2025 offerings] The renowned historic city of Nanchang, with over 6.5 million residents, is the capital of Jiangxi Province, which has a population of about 45 million. Nanchang is bordered by the Meiling Mountains and Poyang Lake, the
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Over the past week, Tims China's coffee shops across the country have been filled with the spirit of gratitude and celebration, spurred on by the inaugural "Timsgiving" campaign. "Sharing kindness and paying it forward in our communities is a Tim Hortons tradition. This Thanksgiving, we were thrilled to introduce the ‘Timsgiving' pay-it-forward campaign in China, encouraging our guests to enjoy and share a free coffee," said Yongchen Lu, CEO of Tims China. "In the end, we saw 1,500 people forward coffee from one customer to the next with the longest chains being 30 customers in a row. We hope this initiative brought about many heartwarming mom
Achieved Consecutive Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Company Owned and Operated Store Contribution Margin4 of 13.3% SHANGHAI and NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company") today announced its unaudited financial results for the third quarter 2024. THIRD QUARTER 2024 HIGHLIGHTS Total revenues of RMB359.6 million (USD51.3 million), representing a 17.1% decrease from the same quarter of 2023.System sales2 of RMB372.4 million (USD53.1 million), representing a 15.5% decrease from the same quarter of 2023.Net new store openings f
6-K - TH International Ltd (0001877333) (Filer)
6-K - TH International Ltd (0001877333) (Filer)
6-K - TH International Ltd (0001877333) (Filer)
SC 13D/A - TH International Ltd (0001877333) (Subject)
SC 13G/A - TH International Ltd (0001877333) (Subject)
SC 13G/A - TH International Ltd (0001877333) (Subject)
Achieved Consecutive Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Company Owned and Operated Store Contribution Margin4 of 13.3% SHANGHAI and NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company") today announced its unaudited financial results for the third quarter 2024. THIRD QUARTER 2024 HIGHLIGHTS Total revenues of RMB359.6 million (USD51.3 million), representing a 17.1% decrease from the same quarter of 2023.System sales2 of RMB372.4 million (USD53.1 million), representing a 15.5% decrease from the same quarter of 2023.Net new store openings f
SHANGHAI, and NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its third quarter results before market opening on Tuesday November 12, 2024, with a conference call to follow at 8:00 AM EST or 9:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts. ABOUT TH INTERNATIONAL LIMITED TH International Limited (NASDAQ:THCH) ("Tims China") is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China,
Achieved First-ever Quarterly Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Adjusted Store EBITDA Margin of 10.3% SHANGHAI and NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company"), today announced its unaudited financial results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTS Total revenues of RMB366.8 million (USD50.5 million), representing a 10.9% decrease from the same quarter of 2023. System sales2