![]() ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Sign in to your CNN account Tims said it would allocate $60 million to build out the Popeyes chain in China over the coming years. RBI CEO Joshua Kobza teased Popeyes’ reentry to China earlier this month, saying “we signed a new master franchise partnership a few months back, and we’re really excited to open some of our first restaurants again.” Tims China then acquired PLKC International, which holds the exclusive rights to develop and sub-franchise Popeyes in mainland China and Macao in March, in a deal that will keep RBI and Tims as partners, according to a company statement. The US company signed a new partnership deal last year with private equity firm Cartesian Capital Group, the founder and top shareholder of Tims China. RBI had to retreat from China in 2021 after disclosing some “disputes” with its master franchisee. Popeyes is now offering 'girl dinner.' Here's what's included Popeyes take on the "Girl Dinner" trend with a menu including Southern dishes ranging from Mashed Potatoes with Cajun Gravy, Homestyle Mac & Cheese, Coleslaw, and Cajun Fries. Tims is the latest major player working to bring more Western fast food or quick service restaurants to China. The localized lineup includes “new options that blend Cajun traditions with local Chinese tastes, including sweet chili chicken, golden cheese and chicken nuggets, and a Longjing tea-based pomelo milkshake,” Tims said in the statement. It also plans to offer signature items, such as New Orleans-style spicy chicken and Cajun popcorn shrimp, while introducing menus tailored to the preferences of Chinese consumers. The company said it hoped to focus on wooing younger customers by opening modern storefronts with jazz music and colorful art. “Despite a challenging overall macroeconomic environment, food service retail sales have been a bright spot in China’s post-Covid recovery - one of the sectors that has rebounded strongly.” Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO/Future Publishing/Getty Images It was a marketing campaign by SUBWAY, a hamburger brand. ![]() SHANGHAI, CHINA - A 5-meter-long burger is seen in Shanghai, China, May 30, 2023. ![]()
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