Tims targets big market

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL $63.78 (New York symbol QSR; TSINetwork Rating: Average) (905-845-6511; www.rbi.com; Shares outstanding: 478.0 million; Market cap: $30.5 billion; Dividend yield: 2.8%) plans to form a joint venture partnership between Tim Hortons and Cartesian Capital Group to open 1,500 Tim Hortons restaurants in China over the next decade. In 2012, Cartesian Capital partnered with Restaurant Brands International and the Kurdoglu family to develop the Burger King brand in China. The joint venture aims to capitalize on a developing coffee culture among urban dwellers in China, especially young people and office workers. Tim Hortons also believes that it may already enjoy some brand awareness in Mainland China due to Chinese-Canadian customers. Restaurant Brands is still a hold. hold…

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