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In June 2009, Cold Stone Creamery started testing the Canadian market by opening its six co-branded locations with Tim Hortons in Ontario, [199] and began expanding its test markets in Canada, including Alberta, Nova Scotia, Ontario, New Brunswick, and British Columbia, and in the summer of 2010, Cold Stone Creamery moved into six Tim Hortons locations in Quebec and one in each of ...
Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the 2017 purchase of American fast-food chain Popeyes.
Apr 10, 2024 · Under RBI’s ownership, Tim Hortons has continued to grow and evolve, maintaining its position as one of the most popular coffee and donut chains in Canada and beyond. What Was The History Behind The Founding Of Tim Hortons? Tim Hortons was founded in 1964 by Canadian hockey player Tim Horton and his business partner, Ron Joyce.
- 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...
Feb 22, 2021 · The untold truth of Tim Hortons is that the company hasn't been flying under the Canadian flag for quite some time — at least, when it comes to its ownership. Per CBC, Wendy's purchased Tim Hortons in 1995, and if that wasn't enough, the square-patty chain isn't even the only burger joint that has controlled the Canadian icon.
- Pauli Poisuo
Jul 31, 2018 · The Great White North Franchisee Association — a group that says it represents about half of Tim Hortons owners in Canada and the U.S. — didn't comment for this story.
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Jan 31, 2020 · Three-quarters of the Tim Hortons leadership team is Canadian, as are its roughly 1,500 franchisees and some 100,000 employees. ... a 42-year-old who owns eight Tim Hortons restaurants in Alberta ...
