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The first Tim Hortons outlet (same as above) as seen renovated in 2016. The business was founded by Tim Horton, who played in the National Hockey League, from 1949 until his death in an auto crash in 1974. [ 17 ][ 18 ] The first Tim Horton restaurant was in North Bay, Ontario, and sold hamburgers. [ 19 ]
- Timanjim Ltd.: 1963–64
- Early Franchising: 1964–66
- Balancing Hockey and Business: 1967–74
- Tim Horton Dies: 21 February 1974
- Shifting Ownership: 1975–95
- Wendy’s Merger: 1995–2006
- Expansion Challenges: 2009–14
- 3G Capital Purchase: 2014
- National Identity
- Controversies
In the spring of 1963, Toronto Maple Leafs defenceman Tim Horton met businessman Jim Charade. Charade had left his job as manager of a Scarborough, Ontario, doughnut plant to open a store called Your Do-nut in a strip mall at Lawrence and Warden avenues. The store was two doors from the barber shop where Horton got his signature brush cut. Horton h...
The franchisee of the first Tim Hortons was Spencer Brown, a 21-year-old bank clerk from Toronto. Although the restaurant was an immediate hit with shift workers at nearby steel plants — as much for the caffeine the coffee provided as for its doughnuts — Brown and Jim Charade quickly fell out. Brown left and went on to be a successful hotel operato...
Tim Horton and Ron Joyce slowly expanded the franchise chain, and by 1967 had three outlets in Hamilton and one in Waterloo. Joyce had left policing to devote himself to their restaurant business. Although Horton was still playing professional hockey, he was far more than a name on the restaurant sign. Horton was particularly involved in the real e...
For the 1973–74 season, Punch Imlach lured Tim Horton back to the Buffalo Sabres with a $150,000 salary and a sportscar, a De Tomaso Pantera, as a signing bonus. Horton was driving himself back to Buffalo after a game against the Maple Leafs when he lost control of the car in a high-speed, single-vehicle crash in St. Catharinesin the early hours of...
A share trust agreement triggered by Tim Horton’s death meant that Ron Joyce became the majority owner, with 50.5 per cent of the shares. The other 49.5 per cent were held by Horton’s widow, Lori, with whom he had four daughters. The new partnership was unworkable. Lori had never been involved in the day-to-day business, and when Horton died she ha...
In 1995, Ron Joyce sold the company in a merger with the American fast-food chain Wendy’s. Head office remained in Oakville, Ontario, but the company was registered in Delaware. The Wendy’s ownership allowed Tim Hortons to more aggressively pursue expansion opportunities in the northeastern United States as it continued to grow in Canada. Joyce rem...
In 2009, Tim Hortons surpassed 3,000 outlets in Canada (with 600 in the United States); in 2010, its outlets served about 8 of 10 cups of coffee sold by Canadian restaurants. The company was running out of domestic expansion opportunities. Its annual Roll Up the Rim contest also was becoming increasingly expensive as it contended with increased com...
For all its challenges, Tim Hortons remained a premium franchise restaurant chain, regularly heralded as one of Canada’s most respected brands. That attracted the attention of a Brazilian private equity firm, 3G Capital, which owned Burger King. In October 2014, Canada’s federal competition bureau approved 3G Capital’s takeover. The ownership chang...
In the 1990s, the idea that typical Canadians frequented coffee-and-doughnut shops began to take hold in the popular imagination. The Canadian satirical television program Royal Canadian Air Farce contributed to the popularization of this notion through its regular “A Canadian Moment” sketch. The sketch debuted on 3 December 1993 and featured “the ...
Tim Hortons is regularly criticized for a range of issues affecting the fast-food industry as a whole. Like most other chains, Tim Hortons coffee cups are not recyclable. The trash produced by the cups is regularly condemned, and the company has responded with recycling efforts. In the United States, the Humane Society of America targeted Tim Horto...
Dec 18, 2023 · As the company turns 60 in 2024, this is a look back at its history. May 17, 1964: The first Tim Hortons location opens in Hamilton, Ont. Feb. 21, 1974: Founder and NHL defenceman Tim Horton dies ...
Jan 19, 2020 · This is about those early years, from 1965 to 1990. First, let’s look at Tim Horton himself. Horton was born on Jan. 12, 1930 in Cochrane, Ontario and he would first learn to play hockey in Quebec after the family moved there in 1936. The family would move back to Cochrane a few years later and Horton would hone his skills as a hockey player.
Aug 25, 2014 · The chain later introduces muffins, cookies and soups and chili to its menu in the 1980s. 1984- The first U.S. Tim Horton location opens in Tonawanda, New York. 1986- Canadians are introduced to ...
Jun 28, 2024 · June 27, 2024. On May 17, 1964, NHL player, founder, and restaurant namesake Tim Horton opened the first Tim Hortons location in Hamilton, Ontario, Canada. Ten years later, Horton passed away in a car accident, leaving his wife Lori Horton and franchisee Ron Joyce in possession of the restaurant chain. Joyce later became the sole owner after ...
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Jan 2, 2024 · Published January 2, 2024 at 5:31 pm. Tim Hortons is considered part of the fabric of Canada, but long before the chain became synonymous with the country, it had humble beginnings as a coffee and ...
