Ontario-based Restaurant Brands International Inc. (NYSE: QSR) has announced its popular Tim Hortons brand will grow its presence in Indiana. Hobart-based Luke Family of Brands has entered into an agreement with RBI to own and operate the restaurants in Indianapolis and Lafayette. Fort Wayne and Richmond have existing Tim Hortons locations.
As part of the agreement, Luke will also manage the market and source local entrepreneurs to develop restaurants in the area. RBI CEO Daniel Schwartz says they are confident that Luke will strongly position the Tim Hortons brand in Indiana both in the short-term and long-term.
"We’re excited about coming to Indianapolis and Lafayette to grow the iconic TIM HORTONS® brand," said Elías Díaz Sesé, president of Tim Hortons. "Given our strong presence in the Columbus area and aggressive development plans in neighboring Cincinnati, the Indiana market is a prime growth opportunity for our continued expansion in the U.S."
RBI announced a similar agreement to bring the popular coffee and donut shop to the Columbus, Ohio market in October. The restaurant’s web site says as of September 2014, it had over 4,500 restaurant locations worldwide.