Tims China Completes ‘Milestone Transaction’

TimHortons

Effective March 30, TH International Limited (aka Tims China)—parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong and Macau—is the exclusive operator and developer of Popeyes in mainland China and Macau. The entry into the transaction was first announced on Feb. 8. The acquisition of PLKC International…

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Fat Brands To See Leadership Transition This Spring

Fatburger

An interim CEO of Fat Brands will be announced by May 5, as founder and CEO Andy Wiederhorn prepares to step down amid a federal investigation. “In transitioning from his role as CEO, Mr. Wiederhorn seeks to eliminate the distraction of the previously announced government investigation tied to him, and allow senior management to focus…

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Subway To Add EV Charging Stations at Select Restaurants

EV charging solutions

Last week, when Subway confirmed rumors that its shareholders are exploring a possible sale of the company, it said the brand would remain focused on “modernization of restaurants and improvements to its overall guest experience.” This week, the world got a peek of one aspect of those modernization efforts: electric vehicle charging stations. Subway will…

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