Restaurant Brands (QSR) Invests to Boost Presence in China

Restaurant Brands International Inc. (QSR) has announced two significant transactions aimed at bolstering its presence in China. These strategic moves reflect QSR's confidence in China as a pivotal market and its commitment to driving regional growth. The company has acquired the Popeyes China business from TH International Limited (Tims China) for an enterprise value of $15 million on a cash-free, debt-free basis. This acquisition allows QSR to directly own and operate Popeyes China, which has seen promisi ...