Businesses Going South

 , which operates 4,848 stores worldwide, is a quick-service restaurant business. Its headquarters are in Toronto, and it is the largest fast-food joint in Canada.

It was founded in Hamilton, Ontario,

in 1964 by,

Tim Horton, a Canadian hockey player,

and his business partner, Jim Charade.

The two had an original venture in hamburger restaurants, and they decided to switch over to coffee and donuts instead.

The franchise became a

multi-billion-dollar enterprise.

It has recently closed stores that were not performing as well as others. The company abruptly closed four Tim Horton stores in Dayton, Ohio most recently.

Joyce took full control of the company in 1975 by buying the half interest held by Lori Horton, Tim Horton's widow, for one million Canadian dollars and a Cadillac Eldorado. Feb 6, 2019.

On August 26, 2014,   agreed to purchase Tim Hortons for

US $11.4 billion;

the chain became a subsidiary of the Canadian holding company Restaurant Brands International, which is majority-owned by Brazilian investment firm 3G Capital, on December 15, 2014.

Ron Joyce, Force Behind Tim Hortons Doughnut Shops, Dies.

 

Restaurant Chains Closing in 2020

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