Tim Hortons
| Tim Hortons Inc.
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|---|---|
 |
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| legal form | Public Company (Canada) |
| ISIN | CA88706M1032 |
| founding | 1964 |
| resolution | 2014 |
| Reason for dissolution | Takeover by Restaurant Brands International |
| Seat | Oakville , Canada |
| management | Paul D. House , CEO |
| Number of employees | approx. 70,000 (2005) |
| sales | 1428000000 CAD |
| Branch | System catering |
| Website | www.timhortons.com |
Tim Hortons Inc. is a Canadian fast food - chain . Originally specialized in coffee and donuts , the chain, named after its founder and ice hockey player Tim Horton , has expanded its range to include snacks , sandwiches and other dishes since the mid-1990s . The company was founded in Hamilton, Ontario in 1964 and had 4,590 stores in Canada, the United States and Gulf Cooperation Council countries in 2014 . Tim Hortons was with a turnover of 1.5 billion Canadian dollars the largest operator of coffee and donut restaurants in Canada. In the United States, Tim Hortons ranks third behind Starbucks and Caribou Coffee .
history
The first Tim Horton restaurant (the "s" was added later) opened in 1964 in Hamilton , Ontario , Canada . The company was founded by Tim Horton , a well-known ice hockey player in the National Hockey League . Not long after Horton opened his first store, he met Ron Joyce , a former Hamilton cop. In 1965 Joyce took over the management of the first restaurant and opened two more by 1967. Joyce and Horton became equal partners in the company. After Horton's death in a car accident in 1974, Joyce took over his shares and became the sole owner of the 40 branches that already existed. Now began a period of aggressive expansion of the branch network and product selection. In 1991 the 500th branch was opened in Aylmer (Québec) .
Tim Hortons' aggressive expansion resulted in two big changes in the coffee and donut market:
- Independent donut shops have been nearly eliminated in Canada.
- Canada now surpasses all other states in terms of donut shops to residents.
On August 8, 1995, Tim Hortons (TDL Group Ltd., originally Tim Donut Limited ) merged with Wendy’s International Inc. With the merger, Joyce became the largest shareholder in Wendy's. Many combined stores with both brands opened in Canada and the northeastern United States under Wendy's leadership.
In 2004, Tim Hortons expanded into Rhode Island , Connecticut and Massachusetts in the United States by acquiring 42 Bess Eaton coffee and donut restaurants.
Due to the strength and profitability of the Tim Hortons brand, Wendy's International Inc. sold between 15 and 18% of its shares in TDL Group in March 2006 under pressure from shareholders. The remainder of the shares should be sold by the end of 2006.
From 2006 to 2011 Tim Hortons ran a restaurant at the Canadian Armed Forces base in Kandahar . The franchisee here was Canadian Forces Morale and Welfare Services.
In August 2014, Burger King Worldwide Inc. took over Tim Hortons Inc. for C $ 12.5 billion (around EUR 8.6 billion). The two companies were merged to form the new Holding Restaurant Brands International .
Tim Hortons growth:
- 1st store - Hamilton, Ontario - May 1964
- 100th Store - Thunder Bay, Ontario - December 1978
- 200th store - Hamilton, Ontario - December 1984
- 300th Store - Calgary - February 1987
- 400th store - Halifax, Nova Scotia - February 1989
- 500th store - Aylmer, Québec - January 1991
- 700th store - Moncton - October 1993
- 1000th store - Ancaster, Ontario - August 1995
- 1500th store - Pickerington - March 1997 (also the 5000th Wendy's store)
- 2000th Branch - Toronto - December 2000
- 2500th Store - Cayuga, Ontario - September 2003
- 3000th store - Orchard Park, New York - December 2006
- 4000th branch - December 2011
useful information
- At the end of 2016, Tim Hortons had himself entered in the commercial register as a company in Switzerland (city of Zug). The commercial register states that the purpose of the company is to "acquire, own, manage and expand Tim Hortons' business outside of Canada and the United States".
- Smaller towns and cities are assessed according to the number of Tim Hortons branches available (for example: "3-Tim town" - town with three branches)
- At the request of the Canadian military, Tim Hortons opened a branch on a base in Kandahar , Afghanistan .
- In the Middle East, Tim Hortons has numerous branches in Qatar, Kuwait, Oman and Saudi Arabia and the United Arab Emirates. Up to 120 branches are planned in this region.
- The first Tim Hortons store on European soil opened on June 2, 2017 at 9 a.m. on Argyle Street in Glasgow, UK.
- Previously, on February 28, 2017, the first Tim Hortons branch in the Asian market outside the Arabian Peninsula was opened in the Philippine capital Manila.
- Tim Hortons products are also available from some Spar and Tesco supermarkets in the Republic of Ireland and the UK.
- Tim Hortons supports the Tim Horton Children's Foundation, which enables underprivileged children from Canada and the United States to attend summer camps. The foundation operates six summer camps in Parry Sound , Tatamagouche , Kananaskis , Quyon , Campbellsville and St. George .
- Individual local branches support children's sports programs under the name "Timbits Minor Sports".
- Tim Hortons has been the main sponsor of the Canadian Men's Curling Championships ( Tim Hortons Brier ) since 2005 .
- The Canadian Football Stadium in Hamilton is sponsored by Tim Hortons Field .
Web links
Individual evidence
- ↑ The name "Tim Hortons" is officially written without an apostrophe. [1]
- ↑ Fresh Facts. In: timhortons.com. Retrieved May 20, 2016 .
- ↑ "Tim Horton's stock jumps in trading debut", CTV News, March 24, 2006 [2]
- ↑ "The 10 largest coffee chains in the US", Slashfood, June 11, 2006 ( Memento of the original from July 18, 2006 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. .
- ^ A b "The unofficial national sugary snack", Canadian Broadcasting Corporation, September 1, 1994 [3]
- ↑ "US burger giant buys Tim Hortons donut chain", Canadian Broadcasting Corporation, August 8, 1995 [4]
- ^ "Wendy's International, Inc. Announces Comprehensive Strategic Initiatives to Enhance Shareholder Value", secinfo.com, July 29, 2005 [5]
- ↑ Tim Horton's closes up shop in Kandahar. In: news.nationalpost.com. National Post, November 24, 2011, accessed September 15, 2014 .
- ^ Tim Horton's Official History
- ↑ Julia Fritsche and Ulrich Rotzinger: “Canadian Starbucks” starts running for Switzerland. In: blick.ch. Blick, January 16, 2019, accessed on July 20, 2020 (sgg).
- ↑ Easy Monitoring Ag: Tim Hortons Restaurants International GmbH, Baar. In: easymonitoring.ch. Retrieved July 22, 2020 .
- ↑ cbc.ca, June 12, 2006 "Tim Hortons touches down in Kandahar"
