Tim Hortons Brews Expansion into Panama

Tim Hortons Brews Expansion into Panama

Tim Hortons, the iconic Canadian coffee chain, is set to open its first store in Panama as part of its expansion into Central America, with a long-term plan to launch 30 stores by 2034. This move is executed in partnership with Vortex Investment SA, focusing initial growth in Panama City. The brand's expansion adds to its significant international footprint, which saw its debut in Pakistan, Singapore, and South Korea in 2023. With more than 5,700 stores in 17 markets worldwide, Tim Hortons aims to compete in a market currently led by Kotowa Coffee House and where global players like Starbucks and The Coffee Bean & Tea Leaf have already established a presence.

Read the full article here.