CRAIG: Government-run Tim Hortons losses worse than expected (2024)

FAQs

Is Tim Hortons in financial trouble? ›

Tim Hortons has so far remained resilient, with comparable sales surpassing expectations and growing 6.8 per cent overall in the third quarter, while growth in Canada alone reaching 8.1 per cent.

With a recent, unexpected drop in sales at the end of 2019, the once-popular coffee shop appears to be headed into a slow and unfortunate decline. Tim Hortons has tried to expand in the US many times but failed due to extreme completion from Starbucks, Dunkin Donuts, and other 53,000 local coffee shops.

Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996. On August 26, 2014, Burger King agreed to merge with Tim Hortons for US$11.4 billion. The two chains became subsidiaries of Toronto-based holding company Restaurant Brands International on December 15, 2014.

"Tim Hortons franchisees operate one of the most profitable and loved restaurant concepts in Canada and in Quebec," the company said in an emailed statement.

1976 - The Timbit is launched. 2006 - Wendy's spins Tim Hortons off as its own separate company again, and is listed on the TSX. 2014 - Burger King acquires Tim Hortons for $12.5B, funded by 3G Capital, which owns 71% of Burger King. The new parent company is called Restaurant Brands International (RBI).

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TORONTO -- Protesters angered by some Ontario Tim Hortons franchisees who slashed workers' benefits and breaks after the province raised its minimum wage plan to spread their rallies to other areas of the country.

Former Tim Hortons baker Samir Latifi claimed that so called “no-poach” clauses in licence agreements barred Tim Hortons franchise owners from hiring or seeking to hire each other's employees, suppressing workers' wages.

A 2017 lawsuit filed by Tim Horton's had accused Tim-Minn of not paying required franchise payments. A company representative emailed us the following when we requested further information: “We are disappointed the franchisee made the decision to close these restaurants without our approval.

Tim Hortons is the sister company of Burger King, which supports IDF by providing free food and drinks to Israeli militants.

Who is the wife of Tim Hortons? ›

Tims franchisee Ron Joyce later becomes sole owner of the chain, when he buys out the stake in the business held by Lori Horton, Tim Horton's wife, for $1 million and a Cadillac Eldorado. Lori Horton later lost a court challenge disputing the sale. 1976: Tims debuts bite-sized doughnuts it dubs Timbits.

We're serious about our coffee. That's why every freshly-ground McCafé® coffee we serve uses 100% responsibly-sourced Arabica beans grown on Rainforest Alliance Certified™ farms.

Patrick Doyle of Restaurant Brands International Inc., the CCPA report said. Doyle, whose company owns Tim Hortons, Burger King and Popeyes, made $151.8 million in 2022, the report said. His pay came exclusively in the form of share-based and option-based awards.

Tops at Tims in 2023: Apple Fritter unseats the Boston Cream as the top donut, Sausage Farmer's Wrap was the #1 breakfast – what were some of Canada's other Tim Hortons favourites this year? (CNW Group/Tim Hortons Advertising and Promo Fund (Canada) Inc.)

The Tim Hortons app asked for permission to access the mobile device's geolocation functions, but misled many users to believe information would only be accessed when the app was in use. In reality, the app tracked users as long as the device was on, continually collecting their location data.

In a 2018 survey, the once iconic Canadian brand fell from 4th “most admired” to 50th. In June of 2022, the company was investigated by Canadian federal authorities for illegal tracking of customer data through their app. Tim Hortons can only scrape by on the reputation of their past for so long.

Updated June 17, 2022 ·4 min read. A new survey has found that Tim Hortons is the most trusted brand in Canada. ( Getty Images) (Robert Way via Getty Images) Canadians love their coffee and doughnuts – so much so that they have dubbed Tim Hortons the most trusted brand in the country.

Tim Horton's Franchise Fee

The minimum you would expect to invest in a Tim Hortons franchise is $298,650. $1,394,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $25,000 franchise fee for the rights to open their own Tim Hortons Franchise.