KIDWCKED
01-03-2011, 04:19 PM
c/p from msn
By Kate Robertson, Investopedia.com, December 30, 2010
What could be more Canadian than a doughnut shop founded in 1964 by a former hockey player in Hamilton, Ont.? Well, the company hasn't had anything to do with the Horton family since their father Tim died in a car crash in 1974, but much of the chain's success is built on connecting a sense of pride with its uniquely flavoured coffee and cookie-cutter baked goods. Television ads have featured Canadian road-trippers stopping at every Tim's chain across the country, fathers and sons bonding at hockey practices and African immigrants, new to Canada, sharing their first taste of Tim's coffee.
But in 1995, American company Wendy's International Inc. acquired the Canadian coffee giant, but eventually let go of its shares in an IPO in 2006 and Tim's is now traded publicly on the TSX and NYSE. In recent years, the company has made a big push in the U.S., opening stores across the country, including in former Dunkin' Donuts stores in New York.
Recently however, Tim Hortons has sold its stake in Maidstone, the Ontario-based company which makes donuts for every location in Canada, to the Swiss company Aryzta.
Other noteables:
Molson Canadien
Hudson Bay Company
CCM
If you decide whose business you want to support based on who's running the show, you may want to do some quick online research to catch up on who has bought what since you last checked. Companies know you care where your products come from, and frequently use somewhat misleading marketing tactics in order to make you think you're supporting something you're not. Many of your favourite companies originated in Canada, but are owned by foreign shareholders or private parent companies. So do your homework!
By Kate Robertson, Investopedia.com, December 30, 2010
What could be more Canadian than a doughnut shop founded in 1964 by a former hockey player in Hamilton, Ont.? Well, the company hasn't had anything to do with the Horton family since their father Tim died in a car crash in 1974, but much of the chain's success is built on connecting a sense of pride with its uniquely flavoured coffee and cookie-cutter baked goods. Television ads have featured Canadian road-trippers stopping at every Tim's chain across the country, fathers and sons bonding at hockey practices and African immigrants, new to Canada, sharing their first taste of Tim's coffee.
But in 1995, American company Wendy's International Inc. acquired the Canadian coffee giant, but eventually let go of its shares in an IPO in 2006 and Tim's is now traded publicly on the TSX and NYSE. In recent years, the company has made a big push in the U.S., opening stores across the country, including in former Dunkin' Donuts stores in New York.
Recently however, Tim Hortons has sold its stake in Maidstone, the Ontario-based company which makes donuts for every location in Canada, to the Swiss company Aryzta.
Other noteables:
Molson Canadien
Hudson Bay Company
CCM
If you decide whose business you want to support based on who's running the show, you may want to do some quick online research to catch up on who has bought what since you last checked. Companies know you care where your products come from, and frequently use somewhat misleading marketing tactics in order to make you think you're supporting something you're not. Many of your favourite companies originated in Canada, but are owned by foreign shareholders or private parent companies. So do your homework!