Tim Hortons
Tim Hortons Inc., commonly nicknamed Tim's or Timmie's, is a multinational coffeehouse and restaurant chain based in Canada with headquarters in Toronto, it serves coffee, donuts, sandwiches, and other fast-food items. It is Canada's largest quick-service restaurant chain, with 5,701 restaurants in 13 countries, as of September 2023.
Tim Hortons in Vancouver | |
| Formerly | Tim Horton Donuts Tim Donuts Limited The TDL Group |
|---|---|
| Company type | Subsidiary |
| Industry | Restaurants |
| Founded | May 17, 1964 Hamilton, Ontario, Canada |
| Founders |
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| Headquarters | Toronto, Ontario, Canada |
Number of locations | 5,701 restaurants (September 30, 2023) |
Areas served | List
|
Key people | J. Patrick Doyle (Executive Chairman, RBI) Joshua Kobza (CEO, RBI) Axel Schwan (President, Tim Hortons Canada & U.S.) |
| Products |
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| Revenue | US$ 3.34 billion (2021)
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| US$ 997 million (2021) | |
| Total assets | US$ 13.99 billion (2021) |
| Parent | Wendy's (1995–2006) Restaurant Brands International (2014–present) |
| Website | TimHortons.com |
| Footnotes / references | |
The company was founded in 1964 in Hamilton, Ontario by Canadian ice hockey player Tim Horton (1930–1974) and Jim Charade (1934–2009), 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 multi-billion 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 merge with Tim Hortons for US$11.4 billion. The two chains became subsidiaries of Toronto-based holding company Restaurant Brands International, which is majority-owned by Brazilian investment firm 3G Capital, on December 15, 2014.