Canada’s most loved coffee brand will open more than 250 restaurants across the country over the next five years.
India, March 15and2022: Tim Hortons®, an iconic coffee brand established in 1964 in Canada, will enter India under an exclusive agreement with AG Café, a joint venture owned by Apparel Group, a global fashion and lifestyle retail conglomerate. life and Gateway Partners, an emerging market alternative investment manager.
Popular for its freshly made signature drinks like the Sweet and Creamy ‘French Vanilla’ and its creamy blend of iced coffee, the ‘Iced Cappuccino®’ as well as made-to-order meals and baked goods, such as the delicious traditional donut bites called ‘Timbits®’, Tim Hortons will open in New Delhi this year, followed quickly by Punjab and other parts of the country. With over 50 years of coffee expertise, the brand has captured the hearts and taste buds of many.
India is one of the fastest growing markets in the world for specialty coffee retail chains. This growth can be attributed to the changing lifestyle of the young population, the increase in disposable income and the desire to explore global experiences. With this launch, India will become the brand’s fourth country in the Asia-Pacific region and plans to open more than two hundred and fifty outlets over the next five years.
“We are delighted to bring Tim Hortons to India, together with Apparel Group and Gateway Partners. India is known for taking its food and drink very seriously,” said David Shear, President of RBI International, parent company of Tim Hortons. “The delicious, premium coffee and fresh food that customers around the world crave from Tim Hortons will be coming to India, marking this launch as a crucial step in our plans for international expansion.”
Tim Hortons India will be led by Navin Gurnaney, an experienced and reputable professional who will serve as the company’s CEO in India. He was previously CEO of Starbucks India. Speaking during the announcement, Navin Gurnaney said, “We are very pleased to offer Tim Hortons, a global coffee brand, to our customers in India. The launch will drive major investment in market-leading talent and innovation, creating new jobs and giving a direct boost to the hospitality industry. We are delighted with this launch and look forward to bringing the best coffee experience to Indians.
Speaking during the announcement, Nilesh Ved, Chief Executive Officer, Apparel Group said: “The food and beverage sector is experiencing a revival after a long period of covid-induced lull, and we see this as the most opportune time to introduce a new brand and have an aggressive plan to answer the question. As a global company with proven capabilities around the world, we are pleased to bring the Tim Hortons experience to India.
V. Shankar, co-founder and managing director of Gateway Partners, said, “This exciting new venture builds on our existing strong partnership with Apparel Group, and the Indian company has the promise and potential to be a real game-changer.” It is also aligned with Gateway’s approach of investing in established market leaders that serve basic consumer needs. I can’t wait to have a cup of Tim Hortons coffee when we open in New Delhi.”
Tim Hortons is Canada’s largest restaurant chain operating in the coffee industry, and international expansion has become an increasing priority for the brand. Over the past few years, the brand has introduced its beloved offerings to customers beyond Canada and the United States. Currently, Tim Hortons has more than 5,100 restaurants in 13 countries and growing, including the Middle East, China, UK, Mexico, Spain, Thailand and the Philippines.