Dubai-based Gateway Partners takes 40% stake in Tim Hortons' Gulf franchise

Dubai-based private equity firm Gateway Partners has acquired a 40 percent stake in the Gulf franchise of coffee and breakfast chain Tim Hortons in a deal reported to be worth $50 million, according to reports. The franchise is owned and operated by Dubai fashion and lifestyle retail conglomerate Apparel Group. Arabian Business has contacted Gateway for comment. Information on the company website states the investment was made in February this year.

Source: https://www.arabianbusiness.com/travel-hospitality/444606-dubai-based-gateway-partners-takes-40-stake-in-tim-hortons-gulf-franchise

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