What Happened to Tim Hortons?

Private equity happened.

It seems a very long time ago that Tim Hortons was one of Canada's most trusted and respected brands. Now we get this.

The long downward slide was inevitable when it was bought by one of the world's worst companies, 3G Capital. They're a rapacious Brazilian private equity group that routinely destroys great companies, with Heinz being another example, milking the company for cash, making huge profits for its managers in the early days, and then squeezing whatever's left of the brand for as long as they can with limited re-investment.

Canada lets this happen again and again, but Tim Hortons is the biggest shame of them all.