The death of globalism has been greatly exaggerated, it seems, after a Brazilian-owned, Canadian cult coffee chain said it was opening its first UK outlet - in Glasgow.
Tim Hortons, the cafe and bakery which sells eight out of 10 cups of coffee in Canada, said it will open its first UK cafe on Argyle Street in Glasgow in early May, before rolling out across the UK.
The company, best known for its Timbits bite-sized donuts, said the UK was a "key strategic market", and the first European country it planned to approach.
Back in 2014 Tim Hortons was bought by Burger King for £4.25bn, creating the world's third-largest fast food group. Burger King's Brazilian hedge fund owner, 3G Capital, landed a 51 per cent stake in the business, alongside other investors including Warren Buffett's Berkshire Hathaway.
Buffett and other investors later became embroiled in a tax row after it emerged the deal was subject to Canada's 26.3 per cent corporate tax rate, rather than the US' higher 39.1 per cent rate.
“It’s hard to explain just how important Tim Hortons is to Canadians – it’s not just a restaurant, it’s a way of life and a place of ‘home’," insisted Gurprit Dhaliwal, chief operating officer of Tim Hortons' UK and Ireland arm.
"We’re positive Great Britain will fall in love the brand.”