![]() ![]() By the 1990s, the company name had changed to The TDL Group Ltd. The company had originally been incorporated as Tim Donut Limited. Tim Hortons logo as used in the mid-1990s, and still the chain's most common outdoor sign. 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. Ron Joyce's aggressive expansion of the Tim Hortons business resulted in major changes to the Canadian coffee and doughnut restaurant market. Joyce expanded the chain quickly and aggressively in geography and in product selection. ![]() 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. #Tasteofhome quickpay fullBy 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 fledgling 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. Horton had an initial venture in hamburger restaurants. ![]() 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. 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. Tim Horton's store signage at the site of first franchise, pictured in June 2007. History 1964-89: Tim Horton and Ron Joyce 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. Charade left the organization in 1966 and briefly returned in 19 through 1996. Joyce expanded the chain into a multimillion-dollar franchise. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. It was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton and Jim Charade, after an initial venture in hamburger restaurants. 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. (known internationally as Tim Hortons Cafe and Bake Shop) is a multinational fast food restaurant based in Canada, known for its coffee and doughnuts. ![]()
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