Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • ROOMS:

TH International (NASDAQ: THCH) Nearing Acquisition of Rights to Develop Popeyes Brand in China

TH International Limited (NASDAQ: THCH) is the parent company that holds exclusive master franchise of Tim Hortons coffee chops in China, Hong Kong and Macau. Shares of the Chinese restaurant franchisee are rallying 20% through afternoon trading on Wednesday, February 8, 2023. Over the past three months, TH International has seen average daily volume of 132,630 shares. However, volume of 495,348 shares or dollar volume of around $2.5 million, has already exchanged hands through afternoon trading.

Shares of TH International are gaining after the company announced it has entered into an all-stock transaction to acquire the exclusive rights to develop Popeyes restaurants in China and Macau. The transaction remains subject to definitive documents and customary closing conditions. However, the transaction is estimated to be a strong cash flow generator for Tims China and the parent company’s balance sheet.

Popeyes has a 50-year operating history and a globally-recognized brand that operates over 3,900 locations around the world. In addition, the Popeyes brand is also owned by Restaurant Brands International (NYSE: QSR), which also holds the rights to Tim Hortons. With the Tim Hortons China leadership team’s successful track record to developing brands in China, Popeyes represents another key opportunity to leverage a global brand in China.

“Tims has been a huge success in China—with more than 600 locations on our way to 1,000 by year-end,” said Peter Yu, Chairman of Tims China. “We are building on that success and launching a second leading brand in the world’s most compelling consumer market. I have long admired RBI’s value-creation in hosting multiple brands on a single platform, and this next step in Tims China’s evolution will bring significant operational and development synergies.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit:

The post TH International (NASDAQ: THCH) Nearing Acquisition of Rights to Develop Popeyes Brand in China appeared first on Spotlight Growth.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.