Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e
by Fred R. David, Forest R. David
History
Tim Hortons was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton and Jim Charade, 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 multimillion business. In November 2010, Tim Hortons announced it was closing 36 stores in the northeastern United States, due to high competition with New England-based Dunkin’ Brands, owner of Dunkin Donuts. In May 2014, Tim Hortons launched a new frozen drink, Frozen Green Tea, and a few months later launched a dark roast coffee blend.
Burger King Worldwide was founded in 1954 by James McLamore and David Edgerton, who opened the first ...
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