Tim Hortons Announces Growth Plans

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ORLANDO, Fla. — Paul House, CEO of Tim Hortons, has announced plans to open 700 stores across Canada and add new menu items, according to the Toronto Star.

“You might think that with our strong market share, there might be limited opportunity for growth in Canada. That is simply not the case. We believe there is an opportunity for 4,000 locations in Canada,” Paul House, executive chairman, CEO and president of Tim Hortons, was quoted as saying by the Toronto Star.

The company plans to open 155 to 175 new locations in Canada and 80 to 100 full-serve restaurants in the U.S. in 2012 with another 15 locations planned for Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE).

According to the Star, Panini sandwiches were successfully tested in Ohio and New York State restaurants last year and may appear on Canadian menus soon.

For more on Tim’s expansion and new menu, visit thestar.com.

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