Tim Hortons Cafe
Dubai-based private equity firm Gateway Partners has, reportedly, invested in the Gulf franchise of coffee and breakfast chain Tim Hortons, acquiring a 40% stake. Tim Hortons is part of retail conglomerate Apparel Group in the GCC.
Gateway Partners, which is led by former Standard Chartered banker Viswanathan Shankar, reportedly paid about $50 million for the holding. Gateway Partners made the investment through its Gateway Fund 1 in February 2020, indicates information on its website. However, Gateway Partners declined to comment.
Meanwhile, Apparel Group chairman Nilesh Ved has confirmed Gateway’s investment, which he said would be used to grow the business, but declined to discuss the value or size of the deal.
The website describes the Tim Hortons regional business as the chain’s leading franchise outside of North America, with 141 stores as of the end of last year across the Middle East.
Our April e-edition is out! Request your copy.
While cafés and restaurants have been temporarily closed for dine-in across the GCC after a lockdown to contain the COVID-19 outbreak, Ved said six-seven Tim Hortons outlets remain open for deliveries to customers in Dubai and 15 are doing business in Saudi Arabia, through the use of third-party delivery apps.
Prior to the COVID-19 outbreak leading to movement restriction across the GCC, Ved had said that Apparel Group had planned to open another 300 Tim Hortons outlets in the next three years.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
/ 
For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
/ 
Why cinemas, wellness sanctuaries and cultural districts are becoming emotional infrastructure for
For decades, Haldiram’s built deep recall across the UAE through its packaged
In hospitality, brands are often discussed as concepts. But the strongest ones
From bullion to boutiques, investment to immersion, Dubai Gold District marks a
At Souk Madinat Jumeirah, with the Burj Al Arab rising quietly in
Keto Kartel has entered the UAE’s premium wellness food space at a
With at least seven stores now operating across the country—mainly in Dubai,
The UAE Restaurant Group (UAERG), the official representative body of the country’s
As one of the world’s largest pizza chains, Little Caesars is making
Experiential dining has transformed the restaurant industry inculcating multi-sensory gastronomy to Instagram-worthy
From predictive inventory to robot deliveries, technology is reshaping the hospitality industry
Previous Article
