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Tim Hortons says it will open its coffee shops in Thailand as its parent company pushes for fast global growth.

The coffee-and-doughnut chain says it has signed an agreement with WeEat Co. to develop the brand in the Southeast Asian country.

Tim Hortons operates more than 4,800 locations, mostly in Canada and the United States. It also has restaurants in Mexico, the United Kingdom, Spain, the Philippines and China.

Its parent company, Restaurant Brands International Inc., recently announced a major expansion with plans to expand Tim Hortons, Burger King and Popeyes Louisiana Kitchen to more than 40,000 locations worldwide within a decade.

Tim Hortons did not provide details on when the first Thai location will open or how many shops it plans to operate there.

The brand’s president, Alex Macedo, said in a statement that the country has a thriving coffee market.

The company plans to create some localized food products to add to the Thai menu, but will also prominently feature Canadian branding – much as it did for its stores in China.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 18/03/24 4:00pm EDT.

SymbolName% changeLast
QSR-T
Restaurant Brands International Inc
+1.98%109.07
QSR-N
Restaurant Brands International
+1.99%80.58
QSP-UN-T
Restaurant Brands Intl Ltd Partnership
-1.95%107.6

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