![]() ![]() This was because the company wanted to also go into other types of business, and not just be seen as a doughnut company. īy the 1990s, the company name had changed to The TDL Group Ltd but the name of the restaurants are still called Tim Hortons. Ron Joyce's very fast expansion of the Tim Hortons business brought about two major changes in the coffee and doughnut restaurant market: independent doughnut shops in Canada were almost wiped out, and Canada's per person ratio of doughnut shops rose past those of all other countries. Joyce expanded the chain quickly in geography and in product selection, opening the 500th store in Aylmer, Quebec, in 1991. After Horton's death in 1974, Joyce bought the company from the Horton family and took over as the only owner of the now forty stores. By 1967, after he had opened up two more stores, he and Tim Horton became full partners in the business. In 1965, Joyce took over the Tim Horton Donut Shop on Ottawa Street North in Hamilton. Soon after Horton opened the store, he met Ron Joyce, a former Hamilton police constable. The business was started by Tim Horton, who played in the National Hockey League from 1949 until his death in a car accident in 1974. The company's first store opened in 1964 in Hamilton, Ontario under the name "Tim Horton Donuts" (the word donut would later be dropped and the company name ended up as just "Tim Horton's", and later was changed to "Tim Hortons" without the apostrophe). ![]() Tim Hortons also made a deal with the SPAR store chain in the UK and Ireland, with Tim Hortons coffee and doughnuts being sold at small self service counters in 16 SPAR stores. Tim Hortons' other international efforts include a small outlet at the Dublin Zoo. Tim Hortons also has international restaurants with 500 in the United States as of December 2008, with one opened in Detroit and owned by former NBA player Derrick Coleman and one on a Canadian military base outside Kandahar, Afghanistan. Tim Hortons had 2,733 restaurants in Canada as of July 1, 2007. Tim Hortons also has 76% of the Canadian market for baked goods (based on the number of customers) and has 62% of the Canadian coffee market (compared to Starbucks, who is the second largest with 7%). ![]() The chain got 22.6% of all fast food industry revenues in Canada in 2005. The company opened twice as many Canadian stores as did McDonald's and sales also are bigger than those of McDonald's Canadian restaurants as of 2002. Tim Hortons stores quickly spread and together with Subway, became bigger than McDonald's and is now Canada's largest chain of fast food restaurants. In 1967 Tim Horton joined with investor Ron Joyce, who quickly took over running the company and expanded the chain into a multi-million dollar franchise. It was started in 1964 in Hamilton, Ontario by Canadian hockey player Tim Horton. is a Canadian fast food restaurant known for its coffee and doughnuts. ![]()
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