Retail Express
Tim Hortons to Open Coffee Shops in Metro’s China Stores
2021-11-30
Photo by www.rli.uk.com
The Chinese arm of Canadian coffee chain Tim Hortons has announced it has signed a deal with Metro China to open coffee shops in the retailer’s stores.
Tims China said the first batch of seven Tims Go coffee shops, a compact-store model with delivery services, opened on Monday at Metro China stores in four cities. It eventually aims to expand the partnership to 60 cities. Metro China, a joint venture of Wumart and Metro AG, currently operates 99 stores.
The latest openings bring the store footprint for Tims China, which plans to go public next year, to over 335 stores in 20 Chinese cities, up from 137 stores at the start of the year.
“China is the fastest growing coffee market in the world,” Tims China Chairman Peter Yu told Reuters. “As of last year, Chinese per capita consumption of coffee was five per cent, so one-twentieth of what it was in Japan, and one-thirtieth of what it was in Canada. So we believe there is tremendous room for us to bring and to help grow a coffee culture here.”
Source: www.rli.uk.com
