Tim Hortons
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Corporate headquarters in Oakville, Ontario
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| Subsidiary | |
| Industry | Restaurants |
| Founded | May 17, 1964 Hamilton, Ontario |
| Founders |
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| Headquarters | Oakville, Ontario, Canada |
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Number of locations
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4,492 (December 8th, 2016) |
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Areas served
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Key people
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Alex Behring (Chairman of Restaurant Brands International) Daniel Schwartz (CEO of Restaurant Brands International) Elias Diaz Sese (President of Tim Hortons) |
| Revenue | US$ $3.00 billion (2016) |
 US$511.7 million (2015 RBI) |
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Number of employees
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100,000 (2008) |
| Parent | Restaurant Brands International |
| Website | TimHortons |
Tim Hortons Inc. (known internationally as Tim Hortons Cafe and Bake Shop) is a multinational fast food restaurant based in Canada, known for its coffee and donuts. It is also Canada's largest quick service restaurant chain; as of September 30, 2016, it had a total of 4,492 restaurants in nine countries.
It was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton and Jim Charade, after an initial venture in hamburger restaurants. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multimillion-dollar franchise. Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996.
On August 26, 2014, Burger King agreed to purchase Tim Hortons for US$11.4 billion; the chain became a subsidiary of the Oakville-based holding company Restaurant Brands International on December 15, 2014, which is majority-owned by Brazilian investment firm 3G Capital.
The chain's first store opened on May 17, 1964, in Hamilton, Ontario, under the name "Tim Horton Donuts"; the name was later abbreviated to "Tim Horton's" and then changed to "Tim Hortons" without the possessive apostrophe. The business was founded by Miles G."Tim" Horton, who played in the National Hockey League from 1949 until his death in a traffic collision in 1974. Horton had an initial venture in hamburger restaurants.
Soon after Horton opened the store, he met Ron Joyce, a former Hamilton police constable. In 1965, Joyce took over the fledgling Tim Horton Donut Shop on Ottawa Street North in Hamilton. By 1967, after he had opened up two more stores, he and Tim Horton became full partners in the business. Upon Horton's death in an auto crash in 1974, Joyce bought out the Horton family's shares for $1 million and took over as sole owner of the existing chain of forty stores. Joyce expanded the chain quickly and aggressively in geography and in product selection. The 500th store opened in 1991.
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Wikipedia