Hotels, Restaurants and Leisure
Company Overview of Tim Hortons Inc.
Tim Hortons Inc. develops and franchises quick service restaurants. Its restaurants provide coffee, espresso-based hot and cold specialty drinks, iced cappuccinos, teas, cold beverages, fruit smoothies, home-style soups, chilies, grilled Panini and classic sandwiches, wraps, yogurt and berries, oatmeal, breakfast sandwiches and wraps, and fresh baked goods. As of October 8, 2015, the company had 4,700 restaurants located in Canada, the United States, and the Gulf Cooperation Council. Tim Hortons Inc. was founded in 1964 and is headquartered in Oakville, Canada.
874 Sinclair Road
Oakville, ON L6K 2Y1
Founded in 1964
Key Executives for Tim Hortons Inc.
President and Chief Operating Officer
Executive Vice President of Finance
Restaurant Brands Chief Executive and Director
President of Tim Horton Children’S Foundation
Compensation as of Fiscal Year 2015.
Tim Hortons Inc. Key Developments
Restaurant Brands International Inc. Announces Accelerated Expansion Plans of TIM HORTONS in the Cincinnati Area
Oct 8 15
Restaurant Brands International Inc. and Seven Invest announced the establishment of an Area Representative and Developer Agreement to bring the iconic TIM HORTONS brand to the Cincinnati area. Under the terms of the agreement, Seven Invest will be the exclusive TIM HORTONS Area Representative in Cincinnati, responsible for managing the market and sourcing third party franchisees to develop more than 150 TIM HORTONS restaurants over the next 10 years, creating thousands of direct and indirect jobs.
Tim Hortons to Expand Footprint in the Middle East
Oct 6 15
Tim Hortons looks to open at least 100 stores annually in the Middle East in the coming years. The stores would open ‘in the next years’, starting in 2016. The expansion is driven by strong demand from customers in the region. Franchised by the UAE-based Apparel Group, the Canadian doughnut and coffee chain has 71 outlets in the Middle East including the UAE, Saudi Arabia, Qatar, Kuwait and Oman. The company opened 14 new store locations in the region in the last 10 months. Tim Hortons will also open additional stores in the region by December.
Tim Hortons Closes the Doors of its U.S. Headquarters
May 20 15
Tim Hortons closed the doors of its U.S. headquarters earlier this week as it shifts responsibilities ahead of a global expansion. Tim Hortons has historically struggled to find its footing in the U.S. market. Some progress was made during the first quarter, with U.S. same-store sales rising 8.9% from a year earlier helped by more interest in its lunch menu. The company has been undergoing extensive changes since being taken over by 3G Capital, a Brazilian investment firm which merged the operations with Burger King and now owns roughly 70% of the combined company. After the deal was finalized, 3G Capital began cutting jobs across company operations, laying off about 350 employees, which represented about 15% of its 2,300 staff at headquarters and regional offices. Since then, the company has made smaller job reductions throughout its operations, though representatives have attributed it to the normal course of business.
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