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Aug 14, 2020 · Photo courtesy of Tim Hortons. Jim Charade selected a former Esso station at Ottawa St. and Dunsmure Rd. in Hamilton for the retooled company's first location. It was close to one of the town's ...
- 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...
Jan 19, 2020 · The original promo that appeared in the newspaper on May 15, 1964, advertised the business as the Tim Horton Donut Drive-In, complete with a picture of Horton. Coffee was sold for 10 cents a cup and donuts were 69 cents. While Tim Hortons today offers a wide assortment of items, only two items were sold in that first store, coffee and donuts.
The company was founded in 1964 in Hamilton, Ontario by Canadian ice hockey player Tim Horton (1930–1974) and Jim Charade (1934–2009), [12] after an initial venture in hamburger restaurants. [13] [14] In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain ...
- Hannah Keyser
- BEFORE DOUGHNUTS, TIM HORTON SOLD BURGERS. It was Jim Charade, a man often forgotten in the history of Canada’s favorite fast casual chain, who first convinced four-time Stanley Cup-winning hockey star Tim Horton to get into the restaurant business.
- THE ORIGINAL DOUGHNUT SHOP MENU WAS SUPER SIMPLE. Hamburgers didn’t sell as well as Horton had hoped, so in April 1964, he and Charade opened the first of the Tim Hortons that we know today on the site of an old Esso gas station in Hamilton, Ontario.
- THE REAL TIM HORTON DIED 10 YEARS INTO THE CHAIN’S EXISTENCE. Very early in the morning on February 21, 1974, 44-year-old Horton died in a single-vehicle crash, just hours after playing a losing hockey game.
- THE MISSING APOSTROPHE IS PART OF CANADIAN CULTURE. Wikimedia Commons // CC0. Tim Hortons was originally Tim Horton’s—as it seemingly should be. After all, the name refers to a doughnut and coffee shop owned (at least formerly) by Tim Horton and not a gathering of many Tim Hortons.
Aug 25, 2014 · The doughnut shop was founded by Canadian hockey player Tim Horton and partner Jim Charade. Charade left the company in 1966. 1974- Tim Horton dies in car crash. Ron Joyce, the company’s first ...
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In the early 1960s, Tim Horton teamed up with his friend and business partner, Jim Charade, to explore a new venture off the ice. They recognized an opportunity to bring great-tasting coffee and fresh-baked goods to the people of Canada. This vision marked the birth of Tim Hortons, a brand that would soon become a cherished part of Canadian ...
