Tims China continues shift towards sub-franchise-led business

The premium coffee chain closed seven underperforming company-operated stores in the first quarter, with its sub-franchise network growing from 33% of the group’s total footprint 12 months ago to 45% today

Tims China continued to close underperforming company-operated stores in the first quarter as part of a sharpened focus on profitability and capital-efficient growth.