Tim Hortons Research Paper

Tim Hortons is one of the few Canadian companies that operates internationally, which also has more than 50 years of history. The first store opened on May 17, 1964, in Hamilton, Ontario, under the name "Tim Horton Donuts" and changed the name to "Tim Hortons" in the later time; the business was founded by Miles. G. Tim Horton, who was a hockey player and played in National Hockey League from 1949 until he died. Several years after Tim Horton started his business, he met Ron Joyce, a former Hamilton police constable. In 1965, Ron Joyce took over the fledgling Tim Horton Donut Shop on Ottawa Street North in Hamilton and he was willing to support Tim Horton in his business. Two years later, Tim Horton and Ron Joyce became full partners in the business and they opened two more stores in

Upon Tim's death and automatically crashed the partnership, Joyce bought out Horton's shares for $1 million dollars and took over his ownership as sole owner of the existing chain of forty Tim Hortons. In 1977, the first store opened in Quebec, in the town of Rosemere; in the same time, Tim Hortons also added the newly designed coffee drink, Double-Double to their menu, which is one type of the favorite coffee that customers like to buy until now. Seven years later, the first Tim Hortons store opened in Tonawanda, U.S.; at this time, Tim Hortons began to operate in the global market. In 1985, Tim Hortons became a diversify store, which begun to sell burgers and soup and provided more options to customers. Two years later, the business merged with Wendy’s International Inc., which helped Tim Hortons' market development in Canada. By the end of 20th century, Tim Hortons already opened 500 stores in Quebec and 2000 stores in Toronto, which was the milestone of the business. In 2006, Tim Hortons completed its Initial Public Offering and begun to trade in the international stock