Tim Hortons
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Tim Hortons
Tim Hortons Inc., known colloquially as Tim's, Timmies, or Timmy's, is a Canadian multinational coffeehouse and restaurant chain with headquarters in Toronto; it serves coffee, Doughnut, donuts, sandwiches, Breakfast sandwich, breakfast egg muffins and other Fast food, fast-food items. It is Canada's largest Quick-service restaurant, quick-service restaurant chain, with 5,701 restaurants in 13 countries, as of . The company was founded in 1964 in Hamilton, Ontario, by Canadian ice hockey player Tim Horton (1930–1974) and Jim Charade (1934–2009), after an initial venture in hamburger restaurants. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multi-billion dollar franchise. Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996. The Wendy's Company merged with Tim Hortons in 1995 and operated it under their Wendy's, flagship subsidia ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Restaurant Brands International
Restaurant Brands International Inc. (RBI) is a Canadian Multinational corporation, multinational fast food holding company. It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively. The company is the List of the largest fast food restaurant chains, fifth-largest operator of fast food restaurants in the world after Subway (restaurant), Subway, McDonald's, McDonald's Corporation, Starbucks and Yum! Brands. They are based alongside Tim Hortons in Toronto (previously Oakville, Ontario). For multiple purposes, Burger King, Popeyes, and Firehouse Subs retain their existing operations and headquarters in Florida, with BK and Popeyes in Miami, and Firehouse in Jacksonville, Florida, Jacksonville. The 2014 merger focused primarily on expanding the international reach of the Tim Hortons brand ...
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Burger King
Burger King Corporation (BK, stylized in all caps) is an American multinational chain store, chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida–based restaurant chain. After Insta-Burger King ran into financial difficulties, its two Miami-based franchisees David Edgerton (1927–2018) and James McLamore (1926–1996) purchased the company in 1959. Over the next half-century, the company changed hands four times and its third set of owners, a partnership between TPG Capital, Bain Capital, and Goldman Sachs Capital Partners, took it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in the company in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with its partner Berkshire Hathaway, eventually merged the company with the Canadian-based coffeehouse chain ...
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Wendy's
Wendy's International, LLC, is an American international fast food restaurant chain founded by Dave Thomas (businessman), Dave Thomas on November 15, 1969, in Columbus, Ohio. Its headquarters moved to Dublin, Ohio, on January 29, 2006. As of December 31, 2018, Wendy's was the world's third-largest hamburger fast-food chain, following McDonald's and Burger King. On September 29, 2008, the company merged with The Wendy's Company#Triarc, Triarc, the publicly traded parent company of Arby's. As of November 2, 2023, there were 7,166 Wendy's outlets, of which 415 are company-owned and 6,751 franchising, franchised, 83% of which are in the United States. The company specifies stores' standards; owners control opening hours, decor, and staff uniforms and pay. The chain serves square hamburger patties on circular buns, sea salt fries, and the Frosty (frozen dairy dessert), Frosty, soft ice cream mixed with starches. The food menu consists primarily of hamburgers, chicken sandwiches, an ...
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The Wendy's Company
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is sourced in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants. Wendy's International Wendy's International, Inc. is the franchisor of Wendy's restaurants and the former parent company of Wendy's. It also owned Tim Hortons, Baja Fresh, and had a 70 percent stake in Cafe Express. The corporate headquarters is located in Dublin, Ohio, a suburb of Columbus. Wendy's International is owned by the Wendy's Company. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. The Baja Fresh chain was sold in October 2006. On September 15, 2008, the purchase of Wendy's International, Inc. by Triarc Companies, Inc. was approved by shareholders. On September 30, the merger was completed, with Triarc being renamed to Wendy's/Arby' ...
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Ron Joyce
Ronald Vaughan Joyce, (October 19, 1930 – January 31, 2019) was a Canadian entrepreneur and billionaire. He co-founded the Tim Hortons doughnut chain as Tim Horton's partner and first franchisee in 1964. After the death of Tim Horton, Ron Joyce was instrumental in establishing the Tim Horton Children's Camps and the Tim Horton Children's Foundation. He received many awards and honours for his success in business and his extensive philanthropy. He was named as a member of the Order of Canada in 1992 in recognition of his dedication to underprivileged children and youth. Early life and career Born on October 19, 1930 and raised in Tatamagouche, Nova Scotia, Tatamagouche, Nova Scotia, Joyce moved to Hamilton, Ontario, Hamilton, Ontario, at age 16, to seek better living conditions than those of post-war Nova Scotia. He worked a number of odd jobs until eventually enlisting in the Royal Canadian Navy, in 1951, where he was trained as a wireless operator. In 1956, Joyce joined the ...
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Ice Hockey
Ice hockey (or simply hockey in North America) is a team sport played on ice skates, usually on an Ice rink, ice skating rink with Ice hockey rink, lines and markings specific to the sport. It belongs to a family of sports called hockey. Two opposing teams use ice hockey sticks to control, advance, and Shot (ice hockey), shoot a vulcanized rubber hockey puck into the other team's net. Each Goal (ice hockey), goal is worth one point. The team with the highest score after an hour of playing time is declared the winner; ties are broken in Overtime (ice hockey), overtime or a Shootout (ice hockey), shootout. In a formal game, each team has six Ice skating, skaters on the ice at a time, barring any penalties, including a goaltender. It is a contact sport#Grades, full contact game and one of the more physically demanding team sports. The modern sport of ice hockey was developed in Canada, most notably in Montreal, where the first indoor ice hockey game, first indoor game was play ...
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Quick-service Restaurant
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast food, fast-food cuisine and has minimal Foodservice#Table service, table service. The food served in fast-food restaurants is typically part of a "Western pattern diet, meat-sweet diet", offered from a limited menu, cooked in bulk in advance and kept hot, finished and packaged to order, and usually available for Take-out, take away, though seating may be provided. Fast-food restaurants are typically part of a chain store#Restaurant chains, restaurant chain or Franchising, franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. The term "fast food" was recognized in a dictionary by Merriam–Webster in 1951. While the first fast-food restaurant in the United States was a White Castle (restaurant), White Castle in 1921, fast-food resta ...
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Fast Food
Fast food is a type of Mass production, mass-produced food designed for commercial resale, with a strong priority placed on speed of service. ''Fast food'' is a commercial term, limited to food sold in a restaurant or store with frozen, preheated or precooked ingredients and served in packaging for take-out or takeaway. Fast food was created as a commercial strategy to accommodate large numbers of busy commuters, travelers and Wage, wage workers. In 2018, the fast-food industry was worth an estimated $570 billion globally. The fastest form of "fast food" consists of pre-cooked meals which reduce waiting periods to mere seconds. Other fast-food outlets, primarily hamburger outlets such as McDonald's and Burger King, use mass-produced, pre-prepared ingredients (bagged buns and condiments, frozen beef patties, vegetables which are pre-washed, pre-sliced, or both; etc.) and cook the meat and french fries fresh, before assembling "to order". Fast-food restaurants are traditionally d ...
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Sandwiches
A sandwich is a dish typically consisting variously of meat, cheese, sauces, and vegetables used as a filling between slices of bread, or placed atop a slice of bread; or, more generally, any dish in which bread serves as a ''container'' or ''wrapper'' for another food type, and allows it to be a finger food. The sandwich began as a portable, convenient food in the Western world, though over time it has become prevalent worldwide. There has been social media debate over the precise definition of ''sandwich'', specifically whether a hot dog or open sandwich can be categorized as such. Other items, like hamburgers and burritos, were also considered. In the United States, the Department of Agriculture (USDA) and the Food and Drug Administration (FDA) are the responsible agencies for protecting the definition of ''sandwich''. The USDA uses the definition, "at least 35% cooked meat and no more than 50% bread" for closed sandwiches, and "at least 50% cooked meat" for open sandwich ...
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Coffee
Coffee is a beverage brewed from roasted, ground coffee beans. Darkly colored, bitter, and slightly acidic, coffee has a stimulating effect on humans, primarily due to its caffeine content, but decaffeinated coffee is also commercially available. There are also various coffee substitutes. Typically served hot, coffee has the highest sales in the world market for hot drinks. Coffee production begins when the seeds from coffee cherries (the '' Coffea'' plant's fruits) are separated to produce unroasted green coffee beans. The "beans" are roasted and then ground into fine particles. Coffee is brewed from the ground roasted beans, which are typically steeped in hot water before being filtered out. It is usually served hot, although chilled or iced coffee is common. Coffee can be prepared and presented in a variety of ways (e.g., espresso, French press, caffè latte, or already-brewed canned coffee). Sugar, sugar substitutes, milk, and cream are often added to mask ...
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Restaurant Chain
A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many parts of the world. A franchise retail establishment is one form of a chain store. In 2005, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales. History In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as a news vending business in London that would become a national concern in the mid-19th century under the management of their grandson William Henry Smith. The world's oldest national retail chain, the firm took advantage of the railway boom during the Industrial Revolution by opening news-stands at railway stations beginning in 1848. The firm, now called WHSmith, had more than 1,400 locations as of 2017. In the U.S., chain stores likely began with J. Stiner & Com ...
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