Tim Hortons co-founder Ron Joyce dies at age 88
Ron Joyce, the co-founder of the Tim Hortons doughnut chain, has died at age 88.
The cause of death was not immediately clear.
The Joseph Brant Hospital in Burlington, Ont., and its namesake foundation said in a statement that Joyce’s generosity “has been felt across the country”. He had donated $7.5 million to support the hospital’s redevelopment and expansion.
Joyce invested in the first Tim Hortons doughnut shop in Hamilton, Ont., in 1964, helping to turn it into an international brand. He then sold the Canadian business to fast-food chain Wendy’s in 1996, according to the Joyce Family Foundation website.
He was born in Tatamagouche, N.S. in 1930 and in his lifetime received the Order of Canada, was inducted into the Canadian Business Hall of Fame and founded the Tim Hortons Children’s Foundation.
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