The operator of Tim Hortons in China closed 34 locations in the second quarter to improve the group’s profitability – a move that led to the brand’s first positive adjusted EBITDA. Tims China’s revenue increased 6% quarter-on-quarter to RMB 366.8 million ($50.5 million) | Image credit: Tims China Tims China achieved its first positive adjusted […]

The US bakery-café chain will open new stores in Colorado and Maryland this quarter and expand to North Carolina and Virginia before the end of 2024 Shipley Do-Nuts has added 80 new stores to its store development pipeline | Image credit: Shipley Do-Nuts US bakery-café chain Shipley Do-Nuts said it was well positioned to achieve […]