QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 53, No. 10, October 2013, Posted On: 10/1/2013


Tim Hortons Ventures Into Vending


Emily Jed
Emily@vendingtimes.net
TAGS: Tim Hortons, vending, office coffee service, Marc Caira, Tim Hortons expansion

OAKVILLE, ON, Canada -- Tim Hortons Inc.'s new chief is eyeing vending as part of a strategy to grow Canada's largest coffee and doughnut chain. Chief executive Marc Caira, who took the helm of the Canadian doughnut and coffee giant in May, said Tim Hortons is looking at vending machines as a way to expand into workplaces to add incremental sales.

Caira previously held executive roles at Nestlé's global operations, where he helped expand its hot and cold beverage division. He said he sees a big opportunity for Tim Hortons to sell its brands beyond its own stores, as it does with single-serve coffee. | READ MORE

The Tim Hortons chief also said the coffee chain is concentrating growth plans on the U.S., as expansion by McDonald's and Starbucks have slowed its growth at home. The company has about 800 locations in the U.S. and 3,500 in Canada

Tim Hortons double-digit revenue growth over the past decade slowed last year to 9.4%, compared with 12.5% in 2011 and 14.2% in 2004.


Topic: Coffee Service News

Articles:
  • Mars Drinks And Starbucks Enter Workplace Agreement, Offer 3 Premium Single-Serve Coffees
  • Marley Coffee Announces Plans To Settle With SEC And Renegotiate Terminated Licensing Deal; Rohan Marley Exits As Chairman
  • Coffee Equipment Icon Robert A. Curtis Dies At 86
  • Keurig Thinks Outside K-Cup, Debuts Eccellenza Touch Bean-To-Cup Coffee Brewer
  • Rwanda And Mexico Are First Countries To Commit To Sustainable Coffee Challenge

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570