Daily Newsletter

21 August 2023

Daily Newsletter

21 August 2023

Popeyes to open 1,700 new China sites in next ten years

The plan follows the acquisition of exclusive rights to develop and sub-franchise the brand in March this year.

Surya Akella August 21 2023

American fast-food chain Popeyes is set to launch 1,700 new outlets in China over the next ten years, starting with ten new stores this year, Chinese news agency Xinhua reported.

These stores will be operated by Tim Hortons China, which acquired exclusive rights this March to develop and sub-franchise the restaurant brand in mainland China and Macao.  

According to Tim Hortons China CEO Lu Yongchen, Tim Hortons has upgraded Popeyes' products and store design. The firm is also optimistic about the scope of the catering market in China.

Recently released guidelines by the State Council related to further optimisation of foreign investment are claimed to have increased confidence in foreign brands, Yongchen was quoted as saying by the news agency.

Yongchen noted: “China's catering market is huge, and brands can achieve rapid growth as long as they do their own business well. We will work closely with Popeyes for collaborative development and will support and empower each other in terms of industrial chains, supply chains and digital operations.”

The combination with Popeyes was approved by the board of Tim Hortons China in February this year.

Earlier this month, Popeyes announced plans to open its first outlet in Glasgow, Scotland, at Barrhead’s retail park.

Expected to launch later this year, the new store is expected to include a drive-through facility.

Pub, club & bar was the largest foodservice profit sector channel in 2022 in the UK

Per GlobalData, the foodservice profit sector in the UK was valued at GBP72.6 billion in 2022, and is estimated to grow at a CAGR of >8% by 2027. Pub, club & bar was the largest channel in the UK foodservice profit sector in 2022 by market value, while QSR was the second-largest channel, followed by FSR. Changing preferences, trustworthiness, product alignment with their time and money constraints, and service quality are some of the key trends in the foodservice market in the UK.

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