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How does a $12.5 billion acquisition destroy the most beloved brand in Canadian history? This is the complete Tim Hortons rise and fall story, told through two corporate betrayals that transformed fresh-baked donuts and community gathering spaces into frozen mediocrity and transaction terminals. Most documentaries focus solely on the 2014 3G Capital takeover. But the real story begins eleven years earlier, in a Wendy's boardroom where executives made a choice that doomed the brand forever. This investigation reveals the science of what happened when profit margins replaced fresh baking, the HVAC systems installed to hide the evidence, and the cascading failures that followed. From Tim Horton's 1964 donut shop in Hamilton to the 2018 minimum wage scandal that sparked nationwide protests, this documentary traces how corporate cost-cutting destroyed what made Tim Hortons irreplaceable. You'll discover the starch retrogradation chemistry that turns reheated donuts to cardboard, the coffee supplier switch that sent customers to McDonald's, and the store redesigns that eliminated the "third place" atmosphere Canadians cherished. The evidence is staggering. Tim Hortons collapsed from 4th to 50th place in the 2018 Leger Corporate Reputation Study, losing 25 percentage points in a single year. Market share in caffeinated beverages fell from 75% to 53% between 2014 and 2021. The Great White North Franchisee Association, representing half of all Canadian franchise owners, publicly accused corporate of profiting while stores lost money. This documentary goes deeper into the sensory death of the brand (smell first, then taste, then trust), the "twenty-second death spiral" created by menu complexity, and the January 2018 letter that employees at a Cobourg location received from Ron Joyce Jr. and Jeri-Lynn Horton-Joyce (the co-founder's descendants) eliminating paid breaks, cutting benefits, and charging for uniforms. The backlash was immediate. #BoycottTimHortons trended nationally. Fifteen protests erupted across Ontario. Premier Kathleen Wynne called it "the act of a bully." A generation of Canadians who grew up on Tim Hortons now drinks McDonald's coffee instead. This is a case study in how private equity destroys cultural institutions. 3G Capital's playbook (eliminate jobs, switch to cheaper suppliers, add menu complexity) worked at Heinz and Budweiser. But Tim Hortons wasn't selling beer or ketchup. They were selling nostalgia, community, and the smell of fresh baking at 4 AM. The documentary examines failed recovery attempts: nostalgia campaigns while products stayed frozen, the Tim Rewards loyalty program, the digitization of Roll Up the Rim that killed a beloved tradition, and premium positioning that raised prices while quality stayed terrible. Every attempt failed because they refused to address the root cause. Today, the HVAC systems installed in 2003 still run, neutralizing the smell. The hard plastic chairs remain. The third place is gone. Restaurant Brands International continues to extract profits while the foundation crumbles. SOURCES: CBC News, Globe and Mail, Financial Post, Bloomberg, RBI corporate filings, 2018 Leger Corporate Reputation Study, Reputation Institute Canada RepTrak, Financial Accountability Office of Ontario, Wikipedia, Canadian Encyclopedia, Ivey Business Review, Maclean's, QSR Magazine. DISCLAIMER: This video presents factual information from publicly available sources for educational and commentary purposes. All claims are documented and verifiable. This content constitutes fair use under Canadian and U.S. copyright law as transformative documentary journalism. No affiliation with Tim Hortons, Restaurant Brands International, or any mentioned entities. Whether you're a Canadian who remembers when Tim Hortons was actually good, a business student studying brand destruction, or someone fascinated by how private equity operates, this documentary reveals patterns that extend far beyond one company. The story of Tim Hortons died twice. Once when they killed fresh baking in 2003. And again when 3G Capital finished it off in 2014. 00:00 The $12.5B Mistake 00:36 When Hockey Met Donuts 03:05 The Meeting That Changed Everything 05:04 The Predators Arrive 07:27 The Letter That Broke Canada 10:29 The Evidence That Won't Go Away #TimHortons #CorporateGreed #BrandCollapse