Tims China Announces Partnership with Oatly on RTD Oatmilk Latte
20 Juin 2023 - 11:00PM
TH International Limited (“Tims China” (Nasdaq: THCH)), the
exclusive operator of Tim Hortons coffee shops and Popeyes
restaurants in China, announces a partnership with Oatly Group AB
(Nasdaq: OTLY), the world’s original and largest oat drink company.
The partners have launched a new dairy-free ready-to-drink (RTD)
oatmilk latte product line, the latest addition to Tims China’s
growing portfolio of convenient and tasty RTD beverages.
Yongchen Lu, CEO of Tims China and David Zhang,
Asia President of Oatly, Signing Strategic Partnership
The first RTD oatmilk latte products being
released include an osmanthus latte (an iconic sweet and delicate
flavor embraced by Chinese consumers) and a cold brew latte. Brewed
with premium arabica beans, both products are the result of
rigorous consumer research. They contain no dairy, no cholesterol,
no trans-fat, and are low in sugar. The products are co-branded and
available at Tims China’s and Oatly’s China e-commerce stores, and
at a variety of other online and brick and mortar stores.
Tims China and Oatly’s Co-branded RTD
Products
Yongchen Lu, CEO of Tims China, said, “We’re
particularly excited to partner with Oatly to launch this new RTD
product line. We invite all of our guests, including our over 14
million loyalty members, to try our new oat milk lattes either to
drink on the go or from the comfort of their homes.”
David Zhang, Asia President of Oatly, said,
“We’re delighted to team up with Tims China to offer this new range
of drinks for both health- and taste-conscious consumers.”
The co-branded RTD products strengthen Tims
China’s out-of-store product portfolio. In addition to RTD
products, the company has developed a series of retail products to
allow its customers to enjoy Tims China’s signature flavors and
quality at home.
ABOUT TH INTERNATIONAL
LIMITED
TH International Limited (NASDAQ: THCH) (“Tims
China”) is the parent company of the exclusive master franchisees
of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau
and Popeyes restaurants in mainland China and Macau. Tims China was
founded by Cartesian Capital Group and Tim Hortons Restaurants
International, a subsidiary of Restaurant Brands International
(TSX: QSR) (NYSE: QSR).
The company’s philosophy is rooted in
world-class execution and data-driven decision making and centered
on true local relevance, continuous innovation, genuine community,
and absolute convenience. For more information, please visit
www.timhortons.com.cn.
Contacts
Public RelationsICR,
LLCTimsChinaPR@icrinc.com
Follow @TimHortonsChina
Photos accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/851bf4eb-6105-4a6c-989e-6572e4798a0e
https://www.globenewswire.com/NewsRoom/AttachmentNg/38cf2bd6-7a58-4834-ac71-201a92206866
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