Tim Hortons Buys 13 Dunkin' Donuts Stores in New York City
Posted on July 10, 2009Tim Hortons is a Canada-based doughnuts and coffee chain. The chain is named after the late all-star Toronto Maple Leafs hockey player, Tim Horton. The chain has over 3,000 stores including 500 in the U.S. It is now poised to make an entrance in New York City. The New York Times reports that Tim Hortons has purchased 13 Dunkin' Donuts stores in New York City.
The National Post says the Dunkin's Donuts could open as Tim Hortons' shops as early as Monday.Tim Hortons, a Canadian purveyor of doughnuts and coffee that has won a wide following, is making a sudden entry into the city.
Between Friday night and dawn on Monday, the Riese Organization intends to convert 13 Dunkin' Donuts stores into the city's first Tim Hortons restaurants, including early-morning, high-traffic shops like the one in Pennsylvania Station and another next to the New York Stock Exchange. The switch may surprise regular customers of the shops, said Dennis Riese, chief executive of the Riese Organization.
"You take down one sign and put up another," Mr. Riese said. "The biggest challenge will be to get New Yorkers to know what Tim Hortons is."