To open 250+ restaurants across the country over the next five years
Tim Hortons, an iconic coffee brand established in 1964 in Canada, will enter India as part of an exclusive agreement with AG Café, a joint venture entity owned by Apparel Group, a global fashion and lifestyle retail conglomerate and Gateway Partners, an emerging markets alternative investment manager.
Popular for its freshly prepared iconic beverages like the smooth and creamy French Vanilla and its creamy blended frozen coffee, the Iced Capp, Tim Hortons will open in New Delhi this year, quickly followed by Punjab and other parts of the country.
India is one of the world’s fastest-growing markets for speciality coffee retail chains. The growth can be attributed to the changing lifestyle of the young population, rising disposable income, and a keenness to explore global experiences. With this launch, India will become the brand’s fourth country in the Asia Pacific region and plans to open over two hundred and fifty outlets over the next five years.
Tim Hortons India will be led by Navin Gurnaney, an experienced and reputed professional who will serve as the company’s India CEO. He was previously the CEO for Starbucks India.