In 1995, the business was bought by American burger chain Wendy’s, and in 2014 became part of Restaurant Brands International.
This is where the idea of Tim’s being Brazilian comes from. Restaurant Brands International’s largest shareholder was the Brazilian investment firm 3G Capital.
In 2014, at the time of the takeover, 3G held 47 per cent of the voting power in Restaurant Brands International, but that has slowly decreased over time to 26 per cent as of Dec. 31, 2024.
Today, Canadian banks such as Toronto Dominion, Bank of Montreal, National Bank and Royal Bank, as well as Canadian institutional investors such as the CPP Investment Board, cumulatively hold a stake comparable to 3G, according to Michael Oliveira, the director of communications for Tim Hortons.
Even if they went fully canadian ownership, i’d never go back. The food and coffee has been so shit for years, i cant fathom why anyone still goes there
So many better local donut and coffee options in most cities (unless you live in a truly small town with literally only tim hortons available)
Oh yeah, I think “is their food any good” is an entirely different question. But I do think it’s interesting to untangle the ownership structure.
Ironically, when I moved to the UK, I discovered the coffee and food at Tim’s here is significantly better.