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Food & Beverage

Tim Hortons coffee chain expands to Singapore, Malaysia in Marubeni pact

Japan trading house to open hundreds of shops in Southeast Asia, including Indonesia

The Tim Hortons coffeeshop chain, based in Canada, has over 5,600 locations worldwide.   © Reuters

TOKYO -- Japan's Marubeni plans to open hundreds of Tim Hortons coffee shop franchises in three Southeast Asian countries, a move the trading conglomerate hopes will make around $300 million in sales by 2033.

Tim Hortons, headquartered in Canada, currently has over 5,600 locations worldwide. Marubeni signed an agreement with Tim Hortons' parent company, Restaurant Brands International, to develop and operate the new coffee shops in Singapore, Malaysia and Indonesia.

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