GFM Network News

(Dave Bedard photo)

Tim Hortons to enter China

Reuters — Canadian coffee-and-donut chain Tim Hortons will open 1,500 outlets in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest economy, the chain’s parent Restaurant Brands International said on Wednesday. Restaurant Brands shares rose almost three per cent after the company announced the Tim Hortons move into China […] Read more

McDonald’s in March launched a new “Welcome to McDonald’s” ad campaign in Canada, featuring the chain’s Canadian food suppliers, staff and customers. (Dave Bedard photo)

McDonald’s reset to change structure, cut costs, boost franchises

Reuters — McDonald’s Corp.’s new CEO said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a “modern, progressive burger company.” The anticipated video announcement by CEO Steve Easterbrook left investors hungry for specific details on how the world’s biggest restaurant […] Read more