The chain's first store opened in 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". The business was founded by Miles G. Tim Horton, who played in
the National Hockey League from 1949 until his death in a car accident in 1974.
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 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. Ron Joyce's aggressive expansion of the Tim Hortons
business resulted in major changes to the Canadian coffee and doughnut
restaurant market. Many independent doughnut shops and small chains were driven
out of business, while Canada's per-capita ratio of doughnut shops surpassed
those of all other countries. By the 1990s, the company name had changed to The
TDL Group Ltd. This was an effort by the company to diversify the business,
removing the primary emphasis on doughnuts, and continuing the expansion of the
menu options as consumer tastes broadened. The removal of the apostrophe
allowed the company to have one common sign image across Canada. "Tim Horton has outlets located on at least seven Canadian Forces Bases".
Everyone loves a good donuts and coffee every now-and-them. In my opinion I feel like this business should be in the US because
they have yummy looking products. According to twitter, Last Thursday the
company tweeted, “Excited to announce we're joining a new global
company to help us grow & share a taste of Tims with more people”.
Excited to announce we're joining a new
global company to help us grow & share a taste of Tims with more people. http://bit.ly/1svwj6o
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The Tim Horton company decided t start The Children's Foundation is a non-profit, charitable organization
committed to providing a fun-filled camp environment for children from
economically disadvantaged homes. It was founded by Ron Joyce, Co-Founder of
Tim Hortons, in honour of his friend and National Hockey League star, Tim
Horton, who died in a car accident in 1974.
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